Verizon made its purchase of Frontier Communications official Thursday, announcing it would acquire the company in an all-cash transaction valued at...
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Mars, the maker of M&Ms and Snickers, said Wednesday it will buy snack food company Kellanova, marking a multibillion-dollar deal that could usher in a new era in the snack food industry. The cash deal would buy Kellanova, maker of snacks such as Pringles and Pop-Tarts, for $35.9 billion, including debt. “In welcoming Kellanova's growing global portfolio, Mars has a tremendous opportunity to further develop a sustainable snacking business that is fit for the future,” Mars chief executive Poul Weihrauch said in a statement. Mars Inc. headquarters in McLean, Virginia, United States, August 10, 2024. (Abigail Summerville/REUTERS) The announcement comes as consumers feel the pinch from rising living costs, putting pressure on companies to rein in price increases. But the move could draw scrutiny from U.S. regulators who have taken a tough stance on business consolidation. The acquisition, valued at $83.50 per share in cash, “accelerates Mars' ambition to double its snack products over the next decade, in line with global consumer demand,” Mars said. It will welcome two new billion-dollar brands, Pringles and Cheez-It, into its business. The company says it already has 15 billion-dollar brands. Kellanova recorded net sales of about $13 billion in 2023, and is present …
Verizon made its purchase of Frontier Communications official Thursday, announcing it would acquire the company in an all-cash transaction valued at...
Verizon made its purchase of Frontier Communications official Thursday, announcing it would acquire the company in an all-cash transaction valued at...
AngloGold Ashanti is now in a position to pursue growth through the acquisition of high-value assets, CEO Alberto Calderon said on Tuesday, after the...
AngloGold Ashanti is now in a position to pursue growth through the acquisition of high-value assets, CEO Alberto Calderon said on Tuesday, after the...
AngloGold Ashanti (NYSE:AU) is gearing up to buy Centamin (TSX:CEE) in a stock and cash deal valued at US$2.5 billion.
Reuters — US aluminum producer Alcoa said Sunday it would sell its 25.1% stake in a joint venture with Saudi Arabian mining company Ma'aden for $1.1...
Nqobile Bhebhe, nqobile.bhebhe@chronicle.co.zw GOVERNMENT is transitioning from cash to voucher food distribution programmes in rural areas to lessen...
Greatland Gold has inked a $US475 million ($714m) cash-and-scrip deal to buy Newmont’s ageing Telfer gold mine and sweep up the remaining interest...
LONDON — Google was slammed by a British regulator Friday, saying the company was using its dominance in digital advertising to stifle competition...
LONDON — Google was slammed by a British regulator Friday, saying the company was using its dominance in digital advertising to stifle competition...