M&M's candy maker Mars to buy out Pringles parent Kellanova in $36 billion deal
Tweet
Share
E-mail
FILE PHOTO: FILE PHOTO: Mars and Snickers bars are seen in this picture illustration taken February 23, 2016. REUTERS/Fabrizio Bensch/Illustration/File Photo
(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)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Morgan Stanley upgrades Synopsys as it turns selective on chip stocks
- Meta stock wavers as Zuckerberg unveils ‘Muse’ autonomous AI assistant
- AMD shares surge as chipmaker eyes $2 trillion AI market
Create E-mail Alert Related Categories
General News, Mergers and Acquisitions, ReutersRelated Entities
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!
