Mars To Buy Kellanova For $36B: Deal Would Rank Snickers Maker Among 3 Largest Private Companies
Portfolio Pulse from Aaron Bry
Mars is set to acquire Kellanova (NYSE:K) for $36 billion, or $83.50 a share. This acquisition will add brands like Pop-Tarts, Eggo Waffles, and Pringles to Mars' portfolio, potentially making it the third-largest American private company by revenue. Kellanova reported around $13 billion in revenue last year, while Mars' annual revenue was around $45 billion.
August 14, 2024 | 6:43 pm
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Mars is acquiring Kellanova for $36 billion, or $83.50 a share. This acquisition will add significant brands to Mars' portfolio and could make Mars the third-largest American private company by revenue.
The acquisition price of $83.50 per share represents a premium for Kellanova shareholders. The addition of Kellanova's brands to Mars' portfolio is likely to be seen positively by the market, potentially driving up Kellanova's stock price in the short term.
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IMPORTANCE 100
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