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Aug 14, 2024 · London CNN —. Mars has agreed to buy Kellanova in a deal that values the maker of Cheez-It and Pringles at almost $29 billion. Kellanova said in a regulatory filing that its shareholders would ...
Aug 14, 2024 · The total consideration represents an acquisition multiple of 16.4x LTM adjusted EBITDA as of June 29, 2024. Kellanova is home to iconic snacking brands including Pringles®, Cheez-It®, Pop-Tarts®, Rice Krispies Treats®, NutriGrain® and RXBAR®, as well as cherished food brands including Kellogg’s® (international), Eggo® and MorningStar ...
Aug 14, 2024 · Topline. Mars, the candy giant whose brands include M&M’s and Skittles, will buy Kellanova—makers of snacks like Pringles and Cheez-It—in a deal valued at $35.9 billion, both companies ...
- Ty Roush
Aug 14, 2024 · It entered the pet food business in 1935 with the purchase of a UK dog food brand and bought the Dove ice cream brand in 1986. In 2008, it purchased the Wrigley chewing gum business for $23bn.
Aug 14, 2024 · View comments. Advertisement. NEW YORK (Reuters) -Family-owned candy giant Mars is buying Cheez-It maker Kellanova in a nearly $36 billion deal, bringing together brands from M&M's and Snickers to ...
Aug 14, 2024 · Aug. 14, 2024 6:42 AM PT. M&M’s maker Mars is buying Kellanova, the maker of Cheez-Its and Pop-Tarts, for nearly $30 billion, vastly expanding the number of household-name brands under one roof ...
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Aug 14, 2024 · Jerry Seinfeld on "Unfrosted," the made-up origin tale of Pop-Tarts 07:37. M&M's maker Mars has struck a deal worth nearly $30 billion to buy Kellanova, marking one of the food industry's biggest ...
