{"id":114559,"date":"2024-08-15T00:02:09","date_gmt":"2024-08-15T00:02:09","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/15\/in-36-billion-deal-mars-to-buy-pringles-maker-kellanova-times-of-india\/"},"modified":"2024-08-15T00:02:09","modified_gmt":"2024-08-15T00:02:09","slug":"in-36-billion-deal-mars-to-buy-pringles-maker-kellanova-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/15\/in-36-billion-deal-mars-to-buy-pringles-maker-kellanova-times-of-india\/","title":{"rendered":"In $36 billion deal, Mars to buy Pringles maker Kellanova &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"426\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/thumb\/imgsize-23456,msid-112536617,width-600,resizemode-4\/112536617.jpg?resize=600,426&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"In  billion deal, Mars to buy Pringles maker Kellanova &#8211; Times of India\" title=\"In  billion deal, Mars to buy Pringles maker Kellanova &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div>Family-owned candy giant <!-- -->Mars<!-- --> is buying <!-- -->Pringles<!-- --> maker <!-- -->Kellanova<!-- --> in a nearly $36-billion deal, bringing together brands from M&amp;M&#8217;s and Snickers to Kellogg&#8217;s and Pop-Tarts in the year&#8217;s biggest <!-- -->deal<!-- --> to date.<br \/>Mars said on Wednesday it will pay $83.5 per share for Kellanova, representing about a 33% premium to its closing price on Aug 2. The packaged-food industry has been grappling with declining volumes, slowing growth and a weakening global consumer.Companies are looking at innovation and new markets to bolster sales as shoppers start to push back on price hikes &#8211; a trend that could lead to further consolidation.<\/p>\n<div data-pos=\"0\" class=\"id-r-component QbQNS undefined  &#10;        \">\n<div><\/div>\n<\/div>\n<p>Mars&#8217; <!-- -->acquisition<!-- --> &#8220;would be the largest packaged-food deal in nearly a decade,&#8221; a Bloomberg analyst said. agencies<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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