financetom
Business
financetom
/
Business
/
M&M's candy maker Mars to buy out Pringles parent Kellanova in $36 billion deal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
M&M's candy maker Mars to buy out Pringles parent Kellanova in $36 billion deal
Aug 14, 2024 4:26 AM

(Reuters) - Family-owned packaged food giant Mars, whose candy brands include M&M's and Snickers, said on Wednesday it would buy Pringles maker Kellanova ( K ) for nearly $36 billion in the biggest deal in the packaged food sector.

The deal comes days after Reuters reported that Mars was exploring a potential acquisition of Kellanova ( K ).

(Reporting by Savyata Mishra in Bengaluru; Editing by Arun Koyyur)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Fox's Adjusted Q4 Earnings, Revenue Rise
Fox's Adjusted Q4 Earnings, Revenue Rise
Aug 6, 2024
08:07 AM EDT, 08/06/2024 (MT Newswires) -- Fox (FOX) reported fiscal Q4 adjusted earnings Tuesday of $0.90 per diluted share, up from $0.88 a year earlier. Analysts surveyed by Capital IQ expected $0.81. Revenue for the quarter ended June 30 was $3.09 billion, up from $3.03 billion a year earlier. Analysts polled by Capital IQ expected $3.10 billion. ...
Fidelity National Information Services' Q2 Adjusted Earnings, Revenue Increase, Raises 2024 Forecast
Fidelity National Information Services' Q2 Adjusted Earnings, Revenue Increase, Raises 2024 Forecast
Aug 6, 2024
08:07 AM EDT, 08/06/2024 (MT Newswires) -- Fidelity National Information Services ( FIS ) reported Q2 adjusted earnings of $1.36 per diluted share on Tuesday, up from $0.76 a year earlier. Analysts polled by Capital IQ expected $1.23. Revenue for the quarter ended June 30 was $2.49 billion compared with $2.42 billion a year earlier. Analysts surveyed by Capital IQ...
Jones Lang LaSalle's Q2 Adjusted Earnings, Revenue Rise
Jones Lang LaSalle's Q2 Adjusted Earnings, Revenue Rise
Aug 6, 2024
08:10 AM EDT, 08/06/2024 (MT Newswires) -- Jones Lang LaSalle ( JLL ) reported Q2 adjusted earnings Tuesday of $2.55 per diluted share, up from $2.12 a year earlier. Analysts polled by Capital IQ expected $2.42. Revenue for the quarter ended June 30 was $5.63 billion, up from $5.05 billion a year earlier. Three analysts surveyed by Capital IQ expected...
Summit Therapeutics' Q2 Non-GAAP Net Loss Widens
Summit Therapeutics' Q2 Non-GAAP Net Loss Widens
Aug 6, 2024
08:07 AM EDT, 08/06/2024 (MT Newswires) -- Summit Therapeutics ( SMMT ) reported a Q2 non-GAAP net loss Tuesday of $0.05 per diluted share, widening from a loss of $0.02 a year earlier. Two analysts polled by Capital IQ expected a loss of $0.06. As expected, no revenue for the quarter ended June 30 was reported. As of June 30,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved