05 Aug 2024 --- Mars is reportedly exploring the acquisition of Kellanova — commonly known as Kellogg’s — in what would be one of the largest mergers ever for the packaged food sector. Kellanova, whose brands include Pringles and Cheez-It, has a market value of around US$27 billion, including debt. Reuters broke the story yesterday (August 4) and attributed it to “people familiar with the matter.” One source told Reuters it is uncertain whether Kellanova would entertain a deal with Mars and added that other suitors could also make approaches.
