Mars Acquires Kellanova for $36B in Major Deal

Mars and Kellanova Unite in $36 Billion Deal

Mars, the family-owned giant known for its popular candies like M&M's and Snickers, has announced a groundbreaking $36 billion acquisition of Kellanova, the company behind renowned products such as Pringles and Pop-Tarts. This move stands as the largest deal in the food industry this year. Mars will pay $83.50 per share for Kellanova, which is about 33% more than Kellanova's stock price prior to the acquisition news.