Mars intends to create a global powerhouse. Shares of global snack company Kellanova (K 7.71%) are soaring on Wednesday, just a little over a week after the last time they soared. This is usually a sleepier stock, but today, a rumor was confirmed: Mars plans to buy the company for $35.9 billion. And that's why Kellanova stock was up almost 8% at 10:30 a.m. ET. An irresistible offer In October, Kellogg Company spun off its North American cereal business as WK Kellogg, and the remaining brands and geographies ...

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 ...

Chocolate giant Mars announced that it was acquiring rival snack company Kellanova in a deal valued at nearly $30 billion — the largest ever acquisition in the packaged food industry. The privately held maker of popular chocolate bars including Snickers, M&Ms and Milky Way said it has agreed to pay $83.50 a share — or a 33% premium to its closing price on Aug. 2 — for Kellanova in an all-cash deal, according to The Wall Street Journal. Kellanova, whose portfolio of brands includes Cheez-It, Pringles and Egg ...

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 ...

m ■ Ti in 1 Juanmonino WK Kellogg Co (NYSE:KLG), the Kellanova (K) spin-off company responsible for cereal sales in North America, reported its Q2 results on the 6th of August in premarket hours showing revenues in line with Wall Street analyst estimates but weaker-than-expected profitability, not notably weakened by a boycott of the company in Q2 promoted on social media. The company's owned strong brands under the Kellogg's name, including Frosted Flakes, Froot Loops, Corn Flakes, and multiple other names ...

WK Kellogg Co and Kellanova Headquarters getty On August 5, 2024, Reuters reported that Mars, the family-owned food giant, is exploring an acquisition of Kellanova (NYSE: K, $73.20, Market Capitalization $25.1 billion), a leader in global snacking, international cereal and noodles (for more information, visit spinoffresearch.com). The news of a potential deal sent Kellanova's shares up ~10% to $73.20 on 8/5 compared to $62.98 on 8/4. The acquisition would test the appetite of regulators to allow consolidati ...

BATTLE CREEK, Mich., Aug. 6, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG), today published its 2024 second quarter results in documents posted to the company website at https://investor.wkkellogg.com/news-events/events-and-presentations/default.aspx. Documents immediately available include: the financial press release and tables, GAAP reconciliations, and presentation slides. A Current Report on Form 8-K was furnished with the U.S. Securities and Exchange Commission and is available on its website at www. ...