Commercial move of the year: Pringles is being sold
The US company Mars, known for popular brands such as M&M’s, Snickers, and Skittles, is now acquiring the manufacturer of Pringles. This deal stands out as one of the biggest commercial moves of the year.
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
Most Read
Historic words from Özgür Özel at the CHP group meeting
Air Force Academy student Veli Bilgin has died
Striking picture for Özgür Özel's 'New Party'
How did the newspapers view Özgür Özel's farewell to the CHP?
The PKK opening and Özgür Özel’s path!..
He killed his wife by slitting her throat: Their children witnessed the moments
Tuncer Bakırhan calls for a framework law
Here are the names that will be in Özgür Özel's new party!
AKP mayor held responsible
Kılıçdaroğlu's 'controlled' shopkeeper visit