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Kellanova stock climbs on reports of potential sale to M&M's owner Mars - TL;DR CNBC

Kellanova stock climbs on reports of potential sale to M&M's owner Mars

Publishing timestamp: 2024-08-05 16:17:27


Summary

Mars is in talks to buy Kellanova, the owner of Pringles, Cheez-It, and Morningstar Farms. Kellogg divided its snacking and cereal businesses, with Kellanova now having a market value of nearly $25 billion. Shares of Kellanova surged on reports of buyout interest from Mars and potentially Hershey. Analysts see the potential deal as a positive catalyst for Kellanova's shares.


Sentiment: NEUTRAL

Tickers: HSYUNDEFINEDK

Keywords: businessbusiness newsmars acquisition corprestaurantswk kellogg comergers and acquisitionskellogg cohershey cofood and drinkretail industrybreaking news: businessdavid faber

Source: https://www.cnbc.com/2024/08/05/kellanova-sale-mars-interest.html


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