Mars' $36B Kellanova Deal: Analysts See Minimal Category Overlap, No Competing Bids
Kellogg(K) Benzinga·2024-08-16 02:54
In a standout M&A move, Mars, Inc. has agreed to acquire Kellanova K for 35.9 billion transaction is anticipated to be finalized in the first half of 2025, subject to shareholder and regulatory approvals.Here’s what analysts are saying about the deal:RBC Capital Markets analyst Nik Modi downgraded Kellanova from Outperform to Sector Perform, raising the price forecast to 76.Piper Sandler analyst Michael S. Lavery reiter ...