Kellanova Surges On Potential Mars Buyout

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 ...