Kellogg(K) The Motley Fool·2024-08-14 15:29Group 1 - Mars plans to acquire Kellanova for 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]