The Wall Street Journal Reported Late Tuesday, Mars Expected to Pay $83.50/Share In Cash For Kellanova
Portfolio Pulse from Benzinga Newsdesk
Mars is expected to acquire Kellanova for $83.50 per share in cash, valuing the deal at approximately $30 billion. This acquisition includes well-known brands such as Cheez-It and Eggo.
August 14, 2024 | 9:37 am
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Mars is set to acquire Kellanova for $83.50 per share in cash, valuing the deal at around $30 billion. This acquisition includes popular brands such as Cheez-It and Eggo.
The acquisition price of $83.50 per share represents a premium over Kellanova's current trading price, likely leading to a short-term increase in K's stock price as investors react to the news.
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