Reported 2 months ago
Kellanova's stock surged up to 20% after reports that Mars Inc. is contemplating acquiring the snackmaker, potentially valued at $30 billion. This move would enable Mars to diversify its mostly chocolate-centric portfolio and enhance its international presence. Kellanova, which split from Kellogg last year, continues to perform strongly, increasing earnings and market guidance, despite challenges faced by competitors in the snack industry.
Source: YAHOO