Mars ‘agrees $30bn deal to buy Pringles maker Kellanova’

1 month ago 35

All-cash offer would dwarf 2008 takeover of Wrigley by Mars but could face scrutiny from watchdogs

Mars, the chocolate to pet food group, has reportedly struck a $30bn (£23.4bn) deal to buy Kellanova, the maker of Pringles and Pop-Tarts.

The all-cash offer, which is expected to be announced later on Wednesday, would be the biggest ever acquisition for the privately owned Mars, dwarfing its $23bn takeover of the chewing gum maker Wrigley in 2008.

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