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International Business Times

Business

Kiran Tom Sajan

Mars Edges Close To $30 Billion Acquisition Of Pringles Maker Kellanova

Kellanova Pringles Mars United States

Kellanova has carved out a niche in the salty snacks sector with brands like Pringles (Credit: Mariya/Pixabay)

Food giant Mars Inc., popular for its iconic candy brands such as M&M's and Snickers, is reportedly on the verge of finalizing a nearly $30 billion acquisition of Kellanova.

The deal, expected to be announced Wednesday, would see Mars paying approximately $83.50 per share in cash for Kellanova, the company behind well-known brands like Pringles and Eggo waffles, The Wall Street Journal reported citing people familiar with the matter.

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