Mars Wins Green Light From EC Regarding Its Pending Kellanova Acquisition

(RTTNews) - Monday, Mars, Inc., a company dealing with pet care, snacking and food, announced that it has received unconditional approval from the European Commission for its pending acquisition of Kellanova (K).

Along with this recent development, all required regulatory approvals and clearances for the pending transaction have been obtained.

As per the deal, Kellanova's portfolio of snacking brands, which includes Pringles, Cheez-It, Pop-Tarts, Rice Krispies Treats, RXBAR and Kellogg's international cereal brands, will join the existing Mars Snacking portfolio. The combined business is expected to generate around $36 billion in annual revenues.

Upon closing of the acquisition, Kellanova's common stock will be delisted and will cease trading on the New York Stock Exchange.

The deal is expected to close on December 11, 2025.

Currently, K is trading at $83.44, up 0.37 percent on the NYSE.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Stocks Mentioned

Latest Articles

Data is currently not available