Candy giant Mars considers bid for Kellanova- Reuters
Investing.com-- Private packaged food giant Mars Inc, best known for its eponymous bar and other brands such as Snickers and M&M’s, is considering a potential acquisition of Pringles maker Kellanova last October, with its shares trading up 20%. But they are still seen trading at a discount to peers such as
Earlier this year Reuters reported investment firm TOMS Capital had taken an undisclosed stake in Kellanova, and was in discussions to improve shareholder returns. Mars is one of the biggest privately-owned companies in the world, and is controlled by the Mars family. Its acquisition of Kellanova could be the firm's biggest deal since its $9.1 billion takeover of veterinary hospital chain VCA in 2017.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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