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International Business Times

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Mars To Acquire Pringles Maker Kellanova For Nearly $36 Bn

Kellanova Mars United States MM

Mars, the business behind M&M's and Snickers, says it reached a deal to acquire Pringles maker Kellanova (Credit: AFP)

M&M's and Snickers maker Mars said Wednesday that it would acquire snack food business Kellanova, marking a multibillion dollar agreement set to result in a new industry giant.

The all-cash transaction would value Kellanova -- which is behind snacks such as Pringles and Pop-Tarts -- at $35.9 billion, including debt.

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