Kellanova Jumps as Mars Mulls a Buyout of Snackmaker

  • Mars-Kellanova deliberations ongoing, no final decision made
  • Kellanova’s brands include Pringles, Cheez-It, Pop-Tarts
Kellanova Pringles.Photographer: Ash Ponders/Bloomberg
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Kellanova shares shot up Monday as Mars Inc. considers buying the snackmaker in what could be one of the biggest deals this year.

Deal talks are ongoing and no final decisions have been made, according to people familiar with the matter who were not authorized to speak publicly.