M&M's owner Mars to acquire snack maker Kellanova in 36 bln USD deal


  • World
  • Thursday, 15 Aug 2024

NEW YORK, Aug. 14 (Xinhua) -- U.S. candy and pet care giant Mars is acquiring snack maker Kellanova in a deal valued at nearly 36 billion U.S. dollars, the companies announced Wednesday, making it one of the biggest deal in the U.S. food industry so far.

Mars, the owner of Snickers, M&M's and Whiskas, said in a press release that it will pay 83.50 dollars per share in cash, bringing the total value of the transaction to 35.9 billion dollars, including debt.

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