Kellanova's (K) shares have experienced a significant rally, climbing nearly 10% in the past week. This includes a notable 7.8% surge following the announcement on Aug 14 that Mars intends to acquire the company, which has renewed investors' interest and confidence in Kellanova's prospects. Mars-Kellanova Deal: A Win for Both Giants Mars, Incorporated, a family-owned global leader in pet care, snacking and food, inked a deal to take over Kellanova for $83.50 per share in cash, totaling $35.9 billion, on Aug ...

NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating the merger between Mars, Inc. ("Mars") and Kellanova (NYSE: K). Investors who purchased Kellanova and continue to hold to the present are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/k. Investigation Details The investigation concerns whether Kellanova and its board of directors breached their fiduciary duties to share ...

In a standout M&A move, Mars, Inc. has agreed to acquire Kellanova K for $83.50 per share, marking a 44% premium over its 30-day average price. The $35.9 billion transaction is anticipated to be finalized in the first half of 2025, subject to shareholder and regulatory approvals. Here's what analysts are saying about the deal: RBC Capital Markets analyst Nik Modi downgraded Kellanova from Outperform to Sector Perform, raising the price forecast to $83.50 from $76. Piper Sandler analyst Michael S. Lavery rei ...

BATTLE CREEK, Mich., Aug. 15, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) announced today that Gary Pilnick, Chairman and Chief Executive Officer, and David Mckinstray, Chief Financial Officer, will participate in a virtual fireside chat at the Barclays 17th Annual Global Consumer Staples Conference at 3:45 PM ET on September 4, 2024. Access to a live webcast of the event will be available on the investor page of the Company's website at investor.wkkellogg.com. Participation in the webcast will be in lis ...

Key Takeaways Candy giant Mars' $35.9 billion offer for Kellanova is a fresh burst of energy for the mergers and acquisitions market. The Mars transaction is the largest M&A deal this year, according to Dealogic, ahead of Capital One Financial's $35.3 billion deal to acquire Discover Financial Services, announced in February. It marks the third-largest transaction in the food and beverage space, the data show. Candy giant Mars' $35.9 billion offer for Pop-Tarts and Pringles maker Kellanova (K) is a fresh bu ...

Key Takeaways Shares of the companies that dominate the shelves of America's supermarkets rose on Wednesday after Mars said it would buy snack maker Kellanova for $36 billion. Kellanova was spun out of cereal maker Kellogg late last year amid a slew of corporate separations by some of America's most storied companies. The Mars acquisition comes amid heightened regulatory scrutiny of grocery industry consolidation and a bout of inflation. Shares of the companies that dominate the center aisles of America's g ...

Mars Inc. announced Wednesday that it will acquire snack maker Kellanova in a deal valued at $35.9 billion. Mars, the company housing brands like Snickers, Pedigree, M&M's and Twix, said the deal it reached with Kellanova will involve paying $83.50 per share. The move will help Mars lean further into the snacking category as it seeks to "double Mars Snacking in the next decade," the company said. The transaction is expected to close in the first six months of 2025. GET FOX BUSINESS ON THE GO BY CLICKING HER ...

Group 1 - Mars plans to acquire Kellanova for $35.9 billion, leading to a significant increase in Kellanova's stock price by almost 8% [1][3] - The acquisition offer is set at $83.50 per share, which represents about 4% upside for Kellanova stock compared to its current trading price [3] - The acquisition price is close to three times Kellanova's sales, which is considered a fair valuation for a food company with modest growth [3] Group 2 - Kellanova was formed after Kellogg Company spun off its North American cereal business, aiming to create a higher-growth snack business [2] - Current trading of Kellanova stock is at an all-time high, approximately 40% higher than its recent average, indicating potential volatility if the acquisition does not proceed [5] - Shareholders are advised to consider selling Kellanova stock now and reinvesting elsewhere due to the high trading price and potential risks associated with the acquisition [4][5]

MILWAUKEE, Aug. 14, 2024 /PRNewswire/ -- Ademi LLP is investigating Kellanova (NYSE: K) for possible breaches of fiduciary duty and other violations of law in its transaction with Mars. Click here to learn how to join our investigation https://www.ademilaw.com/case/kellanova or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. Kellanova stockholders will receive only $83.50 per share. The transaction agreement unreasonably limits competing transactions for Kellanova by imposi ...

KEY TAKEAWAYS Candy giant Mars has agreed to acquire Pop-Tarts and Pringles maker Kellanova for a total enterprise value of $35.9 billion in what would be the biggest M&A transaction this year. A deal by Mars for Kellanova, which was spun out of cereal-focused Kellogg last year, would expand the privately held firm's access to snack foods. The deal would be the largest in the food space since Kraft merged with Heinz in 2015, according to Dealogic. Candy giant Mars has agreed to acquire Pop-Tarts and Pringle ...