Consumer
Snickers Maker Mars Explores Buying Kellanova, Reuters Says
Snickers candybar maker Mars Inc. is exploring an acquisition of Kellanova.
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Candy giant Mars Inc., the maker of ubiquitous confections such as Snickers and M&M’s, is exploring the acquisition of Kellanova in what would be one of the biggest deals ever in the packaged food sector, Reuters reported.
Battle Creek, Michigan-based Kellanova, with a market value of about $20 billion, declined to comment to Reuters. Mars of McLean, Virginia, one of the largest closely held companies in the US, didn’t immediately respond to requests for comment from the news agency.