Mars to buy Cheez-It, Pringles maker Kellanova in mega $36 bln deal

    https://www.reuters.com/business/retail-consumer/snickers-maker-mars-pay-8350-per-share-kellanova-wsj-reports-2024-08-14/

    Posted by RickKassidy

    17 Comments

    1. Specialist_Jump5476 on

      Gov should step in and block this. Just like they are in a battle with google the handful of companies that own every food product in the grocery stores really need to be chopped up and dismantled. The monopolies these companies have over the food being sold at your grocery store is ridiculous that it has even gotten to this point.

    2. Retrobot1234567 on

      TIL, Kelloggs changed their name to Kellanova.

      Who TF would make that decision when Kellogg is such an iconic brand/name.

    3. justbrowse2018 on

      36B for a small segment of the American snack and cracker market makes my friggin cluster of a dozen brain cells ache.

    4. Overpaying for a business that will suffer, as more Americans get on GLP-1 as they become more readily available.

    5. Buy the stock. Grow a garden. Don’t trust the government for your health. Profit from the system we are a part of. But don’t believe the system.

      This is life advise, not financial advise.

    6. ai___________ on

      People who work in Mars knew this deal was gonna get through long ago so already priced in

    7. Commercial-Tell-2509 on

      So, was this the play for splitting the company? Drop the excess baggage (cereal) and build a snack empire like Frito Lay? They going to merge with a soft drink company next? Snapple and Twix together forever?!?

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