The US company Mars, known for products such as M&M’s, Snickers, and Skittles, is acquiring the manufacturer of Pringles. The agreement to be signed is drawing attention as one of the biggest deals of the year.
Mars, one of the world's largest family-owned companies, has annual sales exceeding 50 billion dollars and a workforce of more than 150 thousand employees. The brand, which produces world-renowned foods such as M&M’s and Snickers, has reached an agreement to acquire the company for a valuation of more than 29 billion dollars, which will be entirely in cash.
Mars plans to pay 83.50 dollars for each share of Kellanova. According to a report by Reuters, this all-cash deal is expected to be announced in the near future. Mars will also assume the company's 6 billion dollars in net debt.
News Source: 12punto
