BRUSSELS, June 25 (Reuters) - EU antitrust regulators
opened on Wednesday a full-scale investigation into candy maker
Mars' $36 billion takeover of Pringles maker Kellanova ( K ),
saying the deal may hurt competition.
The European Commission said the deal announced last August
could lead to higher prices for consumers due to Mars' increased
negotiating power towards retailers in the European Economic
Area.
"Mars could increase its bargaining power vis-à-vis
retailers. As a result, Mars could be in a position to use this
increased leverage to, for example, extract higher prices during
negotiations, which in turn would lead to higher prices for
consumers," the EU competition enforcer said.
Reuters exclusively reported on June 18 that the deal would
trigger intensive EU regulatory scrutiny.
"The proposed transaction was notified to the Commission on
16 May 2025. The Commission now has 90 working days, until 31
October 2025, to take a decision. The opening of an in-depth
inquiry does not prejudge the outcome of the investigation," the
Commission said.