BATTLE CREEK, Mich., Aug. 15, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) announced today that Gary Pilnick, Chairman and Chief Executive Officer, and David Mckinstray, Chief Financial Officer, will participate in a virtual fireside chat at the Barclays 17th Annual Global Consumer Staples Conference at 3:45 PM ET on September 4, 2024. Access to a live webcast of the event will be available on the investor page of the Company's website at investor.wkkellogg.com. Participation in the webcast will be in lis ...

Group 1 - Mars' $35.9 billion offer for Kellanova revitalizes the mergers and acquisitions market, marking the largest M&A deal of the year [1][2] - This transaction is the largest in the food sector since Heinz acquired Kraft Foods in 2015 and ranks as the third-largest in the food and beverage segment, excluding spin-offs [3][4] - The M&A activity in 2023 has seen a decline to the lowest levels in a decade, although the dollar value of global M&A is above last year's levels [4] Group 2 - The deal, if approved, will allow Mars to expand into the snacks space, combining two major players in the grocery aisle [8]

Key Takeaways Shares of the companies that dominate the shelves of America's supermarkets rose on Wednesday after Mars said it would buy snack maker Kellanova for $36 billion. Kellanova was spun out of cereal maker Kellogg late last year amid a slew of corporate separations by some of America's most storied companies. The Mars acquisition comes amid heightened regulatory scrutiny of grocery industry consolidation and a bout of inflation. Shares of the companies that dominate the center aisles of America's g ...

Mars Inc. announced Wednesday that it will acquire snack maker Kellanova in a deal valued at $35.9 billion. Mars, the company housing brands like Snickers, Pedigree, M&M's and Twix, said the deal it reached with Kellanova will involve paying $83.50 per share. The move will help Mars lean further into the snacking category as it seeks to "double Mars Snacking in the next decade," the company said. The transaction is expected to close in the first six months of 2025. GET FOX BUSINESS ON THE GO BY CLICKING HER ...

Group 1 - Mars plans to acquire Kellanova for $35.9 billion, leading to a significant increase in Kellanova's stock price by almost 8% [1][3] - The acquisition offer is set at $83.50 per share, which represents about 4% upside for Kellanova stock compared to its current trading price [3] - The acquisition price is close to three times Kellanova's sales, which is considered a fair valuation for a food company with modest growth [3] Group 2 - Kellanova was formed after Kellogg Company spun off its North American cereal business, aiming to create a higher-growth snack business [2] - Current trading of Kellanova stock is at an all-time high, approximately 40% higher than its recent average, indicating potential volatility if the acquisition does not proceed [5] - Shareholders are advised to consider selling Kellanova stock now and reinvesting elsewhere due to the high trading price and potential risks associated with the acquisition [4][5]

MILWAUKEE, Aug. 14, 2024 /PRNewswire/ -- Ademi LLP is investigating Kellanova (NYSE: K) for possible breaches of fiduciary duty and other violations of law in its transaction with Mars. Click here to learn how to join our investigation https://www.ademilaw.com/case/kellanova or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. Kellanova stockholders will receive only $83.50 per share. The transaction agreement unreasonably limits competing transactions for Kellanova by imposi ...

KEY TAKEAWAYS Candy giant Mars has agreed to acquire Pop-Tarts and Pringles maker Kellanova for a total enterprise value of $35.9 billion in what would be the biggest M&A transaction this year. A deal by Mars for Kellanova, which was spun out of cereal-focused Kellogg last year, would expand the privately held firm's access to snack foods. The deal would be the largest in the food space since Kraft merged with Heinz in 2015, according to Dealogic. Candy giant Mars has agreed to acquire Pop-Tarts and Pringle ...

Privately held Mars is buying Kellanova (NYSE:K), the snacks division of cereal giant Kellogg's. The stock will be bought for $83.50 per share. Before the announcement, K stock was selling for $74.50 per share. It was about $80 before the market opened today. CNN said the all-cash deal was worth $29.5 billion, but The New York Times said it was worth $35.9 billion. The difference is mainly due to the $5 billion in long-term debt Kellanova had on its balance sheet at the end of June. Split and Sell Something ...

Topline Mars, the candy giant whose brands include M&M's and Skittles, will buy Kellanova—makers of snacks like Pringles and Cheez-It—in a deal valued at $35.9 billion, both companies announced Wednesday, a transaction that would reportedly be the largest in the packaged food industry in over a decade. Mars' brands, which include M&M's and Skittles, add on snacks from Kellanova like Eggo, Pringles and ... [+] Cheez-It. Associated Press Key Facts Mars will pay $83.50 per share for Kellanova in an all-cash de ...

JHVEPhoto/iStock Editorial via Getty Images Nothing As Sure As Change What is the value for retail investors in owning WK Kellogg Co (NYSE:KLG) stock, the North American cereal business, after the October 2023 separation and potential sale of its snacks and food business? Most analysts rate the stock as Sell or Hold. We judge Kellogg stock as a potential buy opportunity, at this time. We are convinced the stock is at least a safe harbor in these tumultuous times, with upside potential as the cereal industry ...