Mars Inc., the renowned confectionery and pet food company, is reportedly considering acquiring Kellanova (NYSE:K), the snack manufacturer behind popular brands like Cheez-It and Pringles.
What Happened: Mars Inc. is contemplating a potential acquisition of Kellanova. The latter, which also produces other well-known snacks, has a market value of approximately $27 billion, including debt, Reuters, reported citing people familiar with the matter.
The news has caused a significant surge in Kellanova’s stock, which is up by about 20% since its separation from WK Kellogg Co. last October. Despite this increase, the company’s shares are still trading at a discount compared to some of its competitors, making it an attractive acquisition target.
Kellanova manufactures products in …
Full story available on Benzinga.com
Mars Inc., the renowned confectionery and pet food company, is reportedly considering acquiring Kellanova (NYSE:K), the snack manufacturer behind popular brands like Cheez-It and Pringles.
What Happened: Mars Inc. is contemplating a potential acquisition of Kellanova. The latter, which also produces other well-known snacks, has a market value of approximately $27 billion, including debt, Reuters, reported citing people familiar with the matter.
The news has caused a significant surge in Kellanova’s stock, which is up by about 20% since its separation from WK Kellogg Co. last October. Despite this increase, the company’s shares are still trading at a discount compared to some of its competitors, making it an attractive acquisition target.
Kellanova manufactures products in …
Full story available on Benzinga.com
Mars Inc., the renowned confectionery and pet food company, is reportedly considering acquiring Kellanova (NYSE:K), the snack manufacturer behind popular brands like Cheez-It and Pringles.
What Happened: Mars Inc. is contemplating a potential acquisition of Kellanova. The latter, which also produces other well-known snacks, has a market value of approximately $27 billion, including debt, Reuters, reported citing people familiar with the matter.
The news has caused a significant surge in Kellanova’s stock, which is up by about 20% since its separation from WK Kellogg Co. last October. Despite this increase, the company’s shares are still trading at a discount compared to some of its competitors, making it an attractive acquisition target.
Kellanova manufactures products in …Full story available on Benzinga.com Read MoreEquities, K, Kaustubh Bagalkote, M&A, Mars Inc., News, Markets, K, US4878361082, News, M&A, Equities, Markets, Benzinga News
