Privately held Mars is buying Kellanova (NYSE:K), the snacks division of cereal giant Kellogg's. The stock will be bought for $83.50 per share. Before the announcement, K stock was selling for $74.50 per share. It was about $80 before the market opened today. CNN said the all-cash deal was worth $29.5 billion, but The New York Times said it was worth $35.9 billion. The difference is mainly due to the $5 billion in long-term debt Kellanova had on its balance sheet at the end of June. Split and Sell Something ...

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 announced Wednesday, a transaction that would reportedly be the largest in the packaged food industry in over a decade. Mars' brands, which include M&M's and Skittles, add on snacks from Kellanova like Eggo, Pringles and ... [+] Cheez-It. Associated Press Key Facts Mars will pay $83.50 per share for Kellanova in an all-cash de ...

Chocolate giant Mars announced that it was acquiring rival snack company Kellanova in a deal valued at nearly $30 billion — the largest ever acquisition in the packaged food industry. The privately held maker of popular chocolate bars including Snickers, M&Ms and Milky Way said it has agreed to pay $83.50 a share — or a 33% premium to its closing price on Aug. 2 — for Kellanova in an all-cash deal, according to The Wall Street Journal. Kellanova, whose portfolio of brands includes Cheez-It, Pringles and Egg ...

JHVEPhoto/iStock Editorial via Getty Images Nothing As Sure As Change What is the value for retail investors in owning WK Kellogg Co (NYSE:KLG) stock, the North American cereal business, after the October 2023 separation and potential sale of its snacks and food business? Most analysts rate the stock as Sell or Hold. We judge Kellogg stock as a potential buy opportunity, at this time. We are convinced the stock is at least a safe harbor in these tumultuous times, with upside potential as the cereal industry ...

m ■ Ti in 1 Juanmonino WK Kellogg Co (NYSE:KLG), the Kellanova (K) spin-off company responsible for cereal sales in North America, reported its Q2 results on the 6th of August in premarket hours showing revenues in line with Wall Street analyst estimates but weaker-than-expected profitability, not notably weakened by a boycott of the company in Q2 promoted on social media. The company's owned strong brands under the Kellogg's name, including Frosted Flakes, Froot Loops, Corn Flakes, and multiple other names ...

WK Kellogg Co and Kellanova Headquarters getty On August 5, 2024, Reuters reported that Mars, the family-owned food giant, is exploring an acquisition of Kellanova (NYSE: K, $73.20, Market Capitalization $25.1 billion), a leader in global snacking, international cereal and noodles (for more information, visit spinoffresearch.com). The news of a potential deal sent Kellanova's shares up ~10% to $73.20 on 8/5 compared to $62.98 on 8/4. The acquisition would test the appetite of regulators to allow consolidati ...

BATTLE CREEK, Mich., Aug. 6, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG), today published its 2024 second quarter results in documents posted to the company website at https://investor.wkkellogg.com/news-events/events-and-presentations/default.aspx. Documents immediately available include: the financial press release and tables, GAAP reconciliations, and presentation slides. A Current Report on Form 8-K was furnished with the U.S. Securities and Exchange Commission and is available on its website at www. ...

KELLANOVA 8/1/2024 Q2 2024 Earnings Release August 1, 2024 Differentiated. 1 Agenda & Disclaimers John Renwick Vice President, Investor Relations & Corporate Planning 2 2Q24 EARNINGS RELEASE page 1 of 22 KELLANOVA 8/1/2024 | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Key Takeaways Kellanova beats profit and sales estimates and boosts its guidance as volumes increase in North and Latin America. North American sales rose 0.7% year-over-year, and volumes grew 2.0%. Kellanova shares rose about 5% in intraday trading Thursday. Shares of Pringles and Pop-Tarts parent Kellanova (K) rose in intraday trading Thursday as the cereal and snack food maker reported better-than-expected results and raised its guidance, boosted by North and Latin American demand. The company formerly k ...

Kellanova (K) delivered second-quarter 2024 results, wherein both the top and bottom lines exceeded the Zacks Consensus Estimate, and earnings increased year over year. While sales declined year over year, the company saw an increase in organic sales. Backed by a better-than-expected first half, management pulled up its guidance for 2024. Shares of Kellanova jumped more than 4% in the pre-market trading session on Aug 1. Kellanova's second-quarter results demonstrate strong performance. Volumes returned to ...