Kellanova
2024 - 8 - 14Candy Giants Unite: Mars to Acquire Kellanova! 🍬
Cheez-Its - Kellanova - M&M's - Mars Inc. - Mergers and Acquisitions - Pop-Tarts - Pringles - Snacks - SnickersSweet and salty come together in a $36 billion deal! Mars, the maker of M&M's and Snickers, is acquiring Pringles and Cheez-Its parent company, Kellanova. Get the scoop!
In a mouth-watering move, Mars has announced its acquisition of Kellanova for a staggering $36 billion. This monumental deal ties together some of the most iconic U.S. candy and snack brands, creating a snacking superpower. Mars, famous for its beloved treats like Snickers, M&M's, and Twix, will now add Pringles, Cheez-Its, and Pop-Tarts to its already robust portfolio. Talk about snack heaven! 🍫🧀🍪
The acquisition is set to be completed by June 29, 2024, with a total consideration representing a multiple of 16.4 times the Last Twelve Months (LTM) adjusted EBITDA. Industry analysts are buzzing about how this move will position Mars as an even more dominant player in the snack industry, broadening its reach from candy aisles to pantry staples. The implications for market competition and consumer choices are expected to be significant – it's a win for snack lovers everywhere.
Interestingly, the deal follows the separation of Kellogg's business last year, which carved out the cereal segment into a different entity now trading as WK Kellogg Co. This separation appears to have paved the way for this super-sized acquisition, making Kellanova an attractive, streamlined target for Mars. It's like the snacking world's equivalent of assembling the Avengers! 🦸♀️🦸♂️
One can't help but marvel at how these iconic brands will coexist under one roof. Imagine reaching into your pantry and pulling out a Pringles can next to a bag of M&M's, or a box of Cheez-Its nestled up to a Pop-Tart. The sheer variety is enough to make any snack aficionado giddy with excitement. With such a diverse range of products, Mars is set to satisfy every craving, sweet or salty.
Did you know Pringles were first sold in 1967 and were initially known as
Mars to Acquire Kellanova (Kellogg Newsroom)
The total consideration represents an acquisition multiple of 16.4x LTM adjusted EBITDA as of June 29, 2024. Kellanova is home to iconic snacking brands ...
Mars Acquiring Kellanova (Progressive Grocer)
Its brands complement the existing Mars portfolio, which includes such popular snacking and confectionery brands as Snickers, M&M's, Twix, Dove and Extra, along ...
Mars to acquire Kellanova for $35.9bn in snack push, as M&A ... (FoodNavigator-USA.com)
Following media reports, candy and snack maker Mars is set to acquire Kellanova — the parent company of Pringles, Cheez-Its, Pop-Tarts and more — in an ...
Mars to buy Pringles maker Kellanova for $36 billion in 2024's ... (Reuters)
Family-owned candy giant Mars is buying Cheez-It maker Kellanova in a nearly $36 billion deal, bringing together brands from M&M's and Snickers to Pringles ...
Mars to acquire snack maker Kellanova in $36 billion deal (NBC News)
Mars will acquire Kellanova for $35.9 billion in cash, tying together some of the largest U.S. candy and snack brands, the companies announced Tuesday.
Mars agrees to buy Pringles maker Kellanova in $36 billion deal (CNNMoney)
Mars has agreed to buy Kellanova in a deal that values the maker of Cheez-It and Pringles at almost $29 billion.
Mars to Buy Kellanova for $36 Billion in Year's Biggest Deal (3) (Bloomberg Law)
Pringles chips for sale at a supermarket in Dobbs Ferry, New York, US, on Wednesday, June 22, 2022. Photographer: Tiffany Hagler-Geard/Bloomberg via Getty ...
Mars to acquire snack maker Kellanova in $36 billion deal (CNBC)
The move comes after Kellogg separated its business last year, with its cereal segment trading under WK Kellogg Co, and the remaining snacking and plant-based ...
Sweet and salty deal worth $30 billion would put M&M's and ... (ABC News)
M&M's maker Mars is paying nearly $30 billion for Kellanova, the maker of Cheez-Its and Pop-Tarts.
Kellanova stock climbs as Mars announces deal to acquire Pringles ... (Morningstar.com)
By James Rogers. Mars to acquire snack maker Kellanova. Shares of Kellanova were up 7.8% in premarket trades Wednesday after Mars announced a deal to ...
Mars to acquire Cheez-It, Pringles-maker Kellanova for nearly $30 ... (CNBC)
Candy giant Mars said on Wednesday it would buy Cheez-It and Pringles maker Kellanova in a deal valued at $28.58 billion, according to a Reuters ...
Kirkland Advises Kellanova on $35.9 Billion Acquisition by Mars ... (Kirkland & Ellis LLP)
Kirkland & Ellis is advising Kellanova (NYSE: K), a leading manufacturer of snacks, international cereal and noodles, North American plant-based foods and ...
Snickers maker Mars to buy Kellanova, company known for Pringles ... (USA TODAY)
Food company Mars Inc. announced on Wednesday that it has agreed to acquire Kellanova, a global giant in snack, cereal, and noodle manufacturing, ...
Mars to Acquire Maker of Pringles, Cheez-It and Eggo in $36 Billion ... (The New York Times)
Mars is acquiring Kellanova in one of the largest deals in the industry in years, creating a new global giant with a stable of well-known brands.
Mars' Kellanova Acquisition Would Harm Consumers (Food and Water Watch)
On Wednesday, Mars Inc. announced plans to acquire Kellanova, a spin-off of Kellogg's snack division, in a $36 billion effort to dominate the snack market.
Mars, maker of Snickers, to buy Cheez-It owner Kellanova for nearly ... (WWNY)
Mars, whose brands ...
Fitch Places Kellanova on Rating Watch Positive Following Mars ... (Fitch Ratings)
Fitch Ratings-New York-15 August 2024: Fitch Ratings has placed the ratings of Kellanova, Kellogg Europe Company Limited and Kellogg Holding Company Lim.
Mars, maker of M&M's, to buy Kellanova for nearly $30 billion (The Associated Press)
M&M's maker Mars is paying nearly $30 billion for Kellanova, the maker of Cheez-Its and Pop-Tarts. The acquisition could significantly broaden Mars' ...
Mars, maker of Snickers, to buy Cheez-It owner Kellanova for nearly ... (WEAU)
Mars, whose brands ...
Mars-Kellanova deal likely to avoid antitrust hurdles and open door ... (Morningstar.com)
Mars's almost $36 billion deal to acquire Pringles maker Kellanova is unlikely to face significant antitrust opposition, say experts in mergers and acquisitions ...
The Mars-Kellanova merger bolsters them against 2 big threats ... (Fortune)
Kellanova CEO Steve Cahillane said he is not "complacent" about the possible impact of Ozempic on the snack conglomerate. Paras Griffin/Getty Images. Mars, ...
Snacking supernova: Kellanova CEO says purchase by Mars will ... (Food Dive)
Steve Cahillane, who plans to exit the company after the deal goes through, said in an interview the nearly $36 billion acquisition will help the Pringles ...
Mars, maker of Snickers, to buy Cheez-It owner Kellanova for nearly ... (WIBW)
Mars, whose brands ...
Mars acquisition of Kellanova creates new food giant (PRWeek)
The deal encompasses many enduring and iconic brands and will keep agencies on alert as the deal moves toward its conclusion in the first half of 2025. by Steve ...
Mars-Kellanova deal likely to avoid antitrust hurdles and open door ... (MarketWatch)
Mars's almost $36 billion deal to acquire Pringles maker Kellanova is unlikely to face significant antitrust opposition, say experts in mergers and ...
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