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Mars, Incorporated is acquiring Kellanova for $35.9 billion? This is one of the largest deals in the consumer packaged goods sector. The acquisition will expand Mars’ portfolio to include Kellanova’s well-known brands like Pringles, Cheez-It, and Pop-Tarts, enhancing its presence in the savory snacks category. Mars will pay $83.50 per share in cash, and the transaction is expected to close in the first half of next year, with Kellanova becoming part of Mars Snacking. The deal aims to capitalize on the growing demand for savory snacks and drive business growth.
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