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The stock has surged some 28% so far this month, on better-than-expected earnings and after news of deal talks surfaced. Kellanova, which also makes Pop-Tarts, Eggo, and MorningStar Farms vegan ...
The deal values Kellanova at 16.4 times its last twelve months adjusted EBITDA as of June 29, 2024. Mars plans to finance the acquisi Confectionery Giant Mars To Acquire Cheez It Parent Kellanova ...
Mars will acquire Kellanova for $35.9 billion in cash, tying together some of the largest U.S. candy and snack brands, the companies announced Tuesday.. The M&M owner Mars is acquiring the Kellogg ...
The WK Kellogg Co took the NYSE stock symbol "KLG". [44] The split was completed on October 2, 2023. [45] [46] On August 14, 2024, it was announced that Mars Inc., the owner of M&M's and Snickers, agreed to purchase Kellanova for nearly $30 billion. The deal is expected to close in the first half of 2025. [47]
Cheez-It is a brand of cheese crackers manufactured by Kellanova through its Sunshine Biscuits division. Approximately 26 by 24 mm (1.0 by 0.94 in), the rectangular crackers are made with wheat flour , vegetable oil , cheese , skim milk , salt , and spices .
Kellogg says the Kellanova name is meant to tie back to the heritage of the company while also signaling a new era of growth in a still-surging snacks industry. Shares of Kellanova fell 7% on the ...
Conagra Brands, Inc. (formerly ConAgra Foods) is an American consumer packaged goods holding company headquartered in Chicago, Illinois.Conagra makes and sells products under various brand names that are available in supermarkets, restaurants, and food service establishments.
Mars will pay $83.50 per share in an all-cash deal for Kellanova, representing about 33% premium to Kellanova's close on Aug. 2, before Reuters first reported that Mars was exploring a deal for ...