Mars Will Acquire All Outstanding Equity Of Kellanova For $83.50/Share In Cash; Deal Expected To Close IN H1 2025
Portfolio Pulse from Benzinga Newsdesk
Mars will acquire all outstanding equity of Kellanova for $83.50 per share in cash. The deal is expected to close in the first half of 2025.
August 14, 2024 | 11:03 am
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Mars will acquire all outstanding equity of Kellanova for $83.50 per share in cash. The deal is expected to close in the first half of 2025.
The acquisition by Mars at a premium price of $83.50 per share is likely to boost Kellanova's stock price in the short term as investors react positively to the buyout offer. The certainty of the cash deal and the expected closure in H1 2025 provide a clear timeline for the transaction.
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