Mars' $36B Kellanova Deal: Analysts See Minimal Category Overlap, No Competing Bids

In a standout M&A move, Mars, Inc. has agreed to acquire Kellanova K for $83.50 per share, marking a 44$35.9 billion transaction is anticipated to be finalized in the first half of 2025, subject to shareholder and regulatory approvals. Here's what analysts are saying about the deal: RBC Capital Markets analyst Nik Modi downgraded Kellanova from Outperform to Sector Perform, raising the price forecast to $83.50 from$76. Piper Sandler analyst Michael S. Lavery rei ...