Shares in Pringles maker Kellanova jump on Mars bid talks

Shares in Pringles maker Kellanova jump on Mars bid talks

Cereal and snacks company formerly known as Kellogg’s jumps 18% in early trading on Wall Street

Shares in the Pringles maker Kellanova have surged nearly 20% after it emerged that the family-owned snacks company Mars was considering a takeover of the $27bn (£21bn) company.

Stock in Kellanova, formerly known as Kellogg’s, rose 18% in early trading on Monday after Reuters reported that Mars was interested in buying the company, known for snacks brands such as Rice Krispies Treats and Pop-Tarts, in what would be one of the biggest ever deals in the packaged food sector.

Continue reading…

Please follow and like us:
Pin Share