EU antitrust regulators pause investigation into Mars' $36 billion Kellanova deal
Tweet
Share
E-mail
FILE PHOTO: A screen displays the the company logo for Kellanova, formerly known as the Kellogg Company, on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. REUTERS/Brendan McDermid/File Photo
By Foo Yun Chee
BRUSSELS (Reuters) -EU antitrust regulators paused their investigation into candy maker Mars' $36 billion bid for Pringles maker Kellanova on Tuesday while they await data requested from the companies.
The European Commission, which acts as the competition watchdog for the 27-country bloc, last month opened a full-scale investigation into the deal, warning that it could result in price increases.
"The 'clock' in merger investigations can be suspended if the parties fail to provide, in a timely fashion, an important piece of information that the Commission has requested from them within a prescribed deadline," the Commission said in an email.
The investigation will resume with a new decision deadline once the companies have handed over the information. The previous deadline was October 31.
The U.S. Federal Trade Commission approved the deal unconditionally last month.
(Reporting by Foo Yun CheeEditing by David Goodman)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ONEOK to buy Brazos Midstream Permian assets for $4.43B
- DigitalBridge agrees to acquire Australian smart meter firm PLUS ES
- Algonquin to sell 64% stake in Chilean water utility for $126.5M
Create E-mail Alert Related Categories
Mergers and Acquisitions, ReutersRelated Entities
Raising Prices, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
