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M&M's candy maker Mars to buy out Pringles parent Kellanova in $36 billion deal

August 14, 2024 7:04 AM

(Reuters) - Family-owned packaged food giant Mars, whose candy brands include M&M's and Snickers, said on Wednesday it would buy Pringles maker Kellanova for nearly $36 billion in the biggest deal in the packaged food sector.

The deal comes days after Reuters reported that Mars was exploring a potential acquisition of Kellanova.

(Reporting by Savyata Mishra in Bengaluru; Editing by Arun Koyyur)

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