Kellanova Inc. (K)
Mars Near $30 Billion Deal for Cheez-It and Eggo Maker Kellanova
Mars is expected to unveil a nearly $30 billion deal for foodmaker Kellanova K 0.69%increase; green up pointing triangle on Wednesday, according to people familiar with the matter, assuming talks don't hit a last-minute snag.
Focus: Mars' mulled deal for Kellanova should withstand regulatory scrutiny
Mars' contemplated acquisition of U.S. snack maker Kellanova stands a good chance of getting past global antitrust regulators, legal experts say, even as it touches on a sensitive area of government oversight -- how much consumers pay for food.
Kellanova Surges On Potential Mars Buyout
On August 5, 2024, Reuters reported that Mars, the family-owned food giant, is exploring an acquisition of Kellanova (NYSE: K, $73.20, Market Capitalization $25.1 billion), a leader in global snacking, international cereal and noodles (for more information, visit spinoffresearch.com). The news of a potential deal sent Kellanova's shares up ~10% to $73.20 on 8/5 compared to $62.98 on 8/4.
Kellanova Stock Jumps to Nearly 8-Year Highs
Kellanova (NYSE:K) stock is bucking the broad-market selloff today, up 14.4% at $17.03 at last glance, earlier hitting a nearly 8-year high of $75.40.
Kellanova News: K Stock Surges on Mars Buyout Report
Kellanova (NYSE: K ) stock is advancing 14% today despite the stock market's sharp downturn. That's because privately held candy bar maker Mars is reportedly considering buying Kellanova, and the two firms are said to have held talks about such a deal.
Despite market downturn, Kellanova stock jumps on reports that Pringles, Cheez-It maker could be acquired by Mars
One of the biggest deals in the history of the snacking industry may be on the near horizon, according to new reports from Reuters and the Wall Street Journal.
Pringles maker Kellanova bucks stock market slump on Mars bid report
Pringles maker Kellanova (NYSE:K) was one of the few risers on Wall Street today on reports that Mars is mulling a bid. Kellanova (NYSE:K) shares jumped 18% on the Reuters report of a potential $27bn (£21bn) deal.
Mars Reportedly in Advanced Talks To Buy Pringles, Pop-Tarts Maker Kellanova
Kellanova (K) shares are jumping 19% in premarket trading Monday on a report that candy giant Mars is in advanced talks to buy the maker of Pop-Tarts and Pringles.
While the S&P 500 Sinks, Kellanova Stock Is Rising. Here's Why.
The Wall Street Journal reports candy company Mars is in advanced talks to acquire the snack maker.
Kellanova jumps on report of buyout interest from Snickers maker Mars
Shares of Pringles maker Kellanova surged more than 16% in trading before the bell on Monday, after a Reuters report said candy giant Mars was exploring a potential buyout of the company.
Mars in Advanced Talks to Buy Cheez-It, Eggo Maker Kellanova
Candy giant Mars Inc. is in advanced talks to acquire snack-maker Kellanova K 1.50%increase; green up pointing triangle, according to people familiar with the matter.
Exclusive: Snickers maker Mars explores acquisition of Kellanova, sources say
A deal would be one of the biggest ever in the packaged food sector, given Kellanova's market value of $22 billion, and test the appetite of U.S. regulators to allow consolidation in the sector.
