3 Food Stocks Mars Should Have Bought Instead of Kellanova

Food stocks got a big boost on Aug. 14 when the speculation privately held Mars was in serious negotiations to buy Kellanova (NYSE:K), the owners of Eggo, Cheez-It and many other food brands, turned into confirmation. Mars will pay $36 billion, or $83.50 a share, a 33% premium to Kellanova's Aug. 2 closing price, the day before Reuters first reported the potential tie-up. Kellanova stock is up more than 40% over the past month as a result. Last October, the former Kellogg Company was separated from its Nort ...