Reported 2 months ago
Mars, the family-owned company known for candy brands like Snickers and M&M's, is exploring a potential acquisition of Kellanova, which produces popular snacks such as Cheez-It and Pringles. This potential deal, valued at $22 billion, could be one of the largest in the packaged food sector and would test the limits of U.S. regulators regarding industry consolidation. While Kellanova's shares have risen since its separation from Kellogg Co, they still remain undervalued compared to competitors. No final agreement is ensured, and other potential buyers may emerge.
Source: YAHOO