Mars to Acquire Kellanova for $30 Billion, Paying $83.50 Per Share

Aug 14, 2024, 02:29 AM

Mars, the family-owned candy giant known for brands such as Snickers and M&M's, is expected to announce an acquisition of foodmaker Kellanova in an all-cash deal valued at nearly $30 billion. The deal, set to be unveiled on Wednesday, will see Mars pay $83.50 per share for Kellanova. This significant transaction highlights Mars' strategic expansion in the food industry.