Reported about 2 months ago
Mars has unveiled plans to acquire Kellanova for $36 billion, which BofA Securities analyst Peter Galbo believes is a strategic move that enhances Mars' snack portfolio by adding salty products, allowing them to compete more globally. Despite challenges in the snack sector, Kellanova has seen positive growth, making this acquisition timely and insightful for investors seeking opportunities in the snacking industry.
Source: YAHOO