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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 · LondonCNN —. 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 · M&M’s maker Mars is buying Kellanova, the maker of Cheez-It and Pop-Tarts, in an effort to broaden its snacking portfolio and expand globally in what is being termed the biggest deal of the sector.
The nearly $36 billion deal, which will merge Mars with Cheez-It maker Kellanova (K.N.), will unite iconic brands from M&M's and Snickers to Pringles and Pop-Tarts, marking the largest deal of the ...
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 ...
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Aug 14, 2024 · Updated 1:50 PM PDT, August 14, 2024. M&M’s maker Mars is buying Kellanova, the maker of Cheez-Its and Pop-Tarts, for nearly $30 billion in an effort to broaden its snacking portfolio and expand globally. Kellanova was created last year when the Kellogg Co. split into two companies.