Core Viewpoint - Mars, Incorporated has initiated a private offering of senior notes to finance the acquisition of Kellanova, which is subject to customary closing conditions including regulatory approvals [1]. Group 1: Offering Details - The net proceeds from the offering will be used to fund the acquisition and cover related fees and expenses [1]. - The issuance of the notes may occur before the acquisition closes, and the closing of the offering is not contingent upon the acquisition being completed [1]. - If the acquisition is not completed by August 20, 2026, or if the merger agreement is terminated earlier, the notes will be subject to a special mandatory redemption at 101% of the principal amount plus accrued interest [1][2]. Group 2: Guarantee and Registration - The notes will not be guaranteed by any of Mars' subsidiaries at the issue date, but Kellanova is expected to guarantee them on a senior unsecured basis upon consummation of the acquisition [2]. - The notes are being offered in a private transaction to qualified institutional buyers and non-U.S. persons, relying on exemptions from the registration requirements of the Securities Act [3]. Group 3: Legal and Forward-Looking Statements - The press release does not constitute an offer to sell or solicit offers to buy the notes in jurisdictions where such actions would be unlawful [4]. - The communication includes forward-looking statements regarding the company's future growth and performance, which are based on management's expectations and assumptions that may prove to be inaccurate [5].

(All dollar amounts are expressed in Canadian dollars, unless otherwise noted.) TORONTO, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (“Kinross” or the “Company”) (TSX: K, NYSE: KGC) announced today that it has entered into an agreement to acquire 15,410,000 common shares (the “Shares”) of Relevant Gold Corp. (“Relevant Gold”) in a non-brokered private placement at a price of $0.30 per Share for total consideration of $4,623,000. Accordingly, as of today, taking into account the Shares already ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the Fiscal Year Ended December 28, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Transition Period From To Commission file number 1-4171 Kellanova (Exact name of registrant as specified in its charter) (State or other jurisdiction of Incorporation or organization) FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 38-0710 ...

Core Viewpoint - Mars Incorporated is set to acquire Kellanova for $83.50 per share, raising questions about the potential outcomes if the acquisition does not proceed [1] Group 1: Acquisition Details - Mars Incorporated is acquiring Kellanova at a price of $83.50 per share [1] Group 2: Investment Perspective - The article emphasizes the importance of identifying undervalued companies with significant upside potential for long-term investment [1] - The author identifies as a value dividend investor focused on long-term growth through dividends [1]

AUVERS-SUR-OISE, FRANCE - 2025/01/11: Lt Gen. Keith Kellogg, former National Security Advisor to U.S. Vice President Mike Pence speaks at the conference and says the regime in Iran is weaker and more vulnerable than it has been in decades. It should not be feared but challenged. At the Trans-Atlantic conference in Auvers-sur-Oise, north of Paris, titled New Policy Toward the Iranian Regime: Standing with the Organized Resistance, former world leaders and military officials from Europe and the U.S. gathered ...

Delivered on all key guidance metricsAchieved record free cash flow of more than $1.3 billion and repaid $800 million of debtStrong three-year outlook of 2.0 million Au eq. oz. per year TORONTO, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K, NYSE: KGC) (“Kinross” or the “Company”) today announced its results for the fourth quarter and year ended December 31, 20241.This news release contains forward-looking information about expected future events and financial and operating performance ...

CHICAGO, Feb. 11, 2025 /PRNewswire/ -- International Day of Women and Girls in Science, celebrated annually on February 11, highlights the vital contributions of women in science, technology, engineering, and mathematics (STEM) while promoting inclusion in these historically male-dominated fields. Recognized by the United Nations, the day inspires future innovators and underscores the importance of diverse voices in solving global challenges. In recognition of International Day of Women and Girls in Scie ...

Core Insights - Kellanova delivered strong fourth-quarter 2024 results, with both top and bottom lines exceeding Zacks Consensus Estimates, and year-over-year earnings growth [1][4] - Despite a year-over-year decline in sales, organic sales increased due to improved volumes and price/mix [1][5] Financial Performance - Adjusted earnings per share (EPS) reached 92 cents, a 17.9% increase year over year, surpassing the Zacks Consensus Estimate of 82 cents [4] - Net sales totaled $3,124 million, exceeding the Zacks Consensus Estimate of $3,093 million, but reflecting a 1.6% decline year over year due to unfavorable currency movements [5] - Organic net sales grew by 7%, driven by improved volumes and price/mix [5] - Adjusted operating profit increased by 14.4% to $448 million, with a 19.9% rise to $470 million on a currency-neutral basis [6] Segment Performance - North America segment sales were $1,561 million, down 1.7% year over year, with organic sales falling 1.5% [7] - Europe segment revenues totaled $601 million, down 2% year over year, with organic sales dropping 1.2% [7] - Latin America revenues were $303 million, down 7.6% year over year, but organic sales increased by 5.5% [8] - Asia Pacific and Middle East & Africa segment revenues reached $659 million, up 2.1% year over year, with organic sales jumping 36.4% [8] Cash Flow and Debt - Kellanova ended the quarter with cash and cash equivalents of $694 million, long-term debt of $4,998 million, and total equity of $3,882 million [9] - The company generated net cash from operating activities of $1,760 million for the year ended December 28, 2024, with capital expenditures of $628 million and free cash flow of $1,132 million [9] Stock Performance - Kellanova's shares have increased by 10.5% over the past six months, outperforming the industry growth of 5.3% [10]

Kellanova (K) reported $3.12 billion in revenue for the quarter ended December 2024, representing a year-over-year decline of 1.6%. EPS of $0.92 for the same period compares to $0.78 a year ago.The reported revenue represents a surprise of +1.00% over the Zacks Consensus Estimate of $3.09 billion. With the consensus EPS estimate being $0.82, the EPS surprise was +12.20%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

Kellanova (K) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.20%. A quarter ago, it was expected that this the maker of Pringles and other snacks would post earnings of $0.85 per share when it actually produced earnings of $0.91, delivering a surprise of 7.06%.Over the last four q ...