Lina Gallagher’s Post

In the biggest M&A deal of the year, Mars is going to buy Kellanova (the snack side of what used to be Kellogg) for nearly $36 billion. There's plenty to talk about here, but what I'm thinking about is that this will take Kellanova private. No more quarterly earnings reports or calls where executives have to answer tough questions from analysts. Kellanova has been pushing into developing markets, but we won't get to hear how that's going. People are buying less chocolate candy and salty snacks, but we won't hear the details from Mars / Kellanova now. Companies have shared where their inputs were going up and how much higher their prices were going. Something else we won't learn from this mega-company. Oh well. I guess they call it private for a reason. https://lnkd.in/geQTgxhb

📢 Mars to Acquire Kellanova in 2024’s Biggest Deal for $36 Billion 🍫 A Major Move in Snacking: Mars is making headlines with its $36 billion acquisition of Kellanova, the maker of Pringles and Cheez-It. This significant deal, the largest of 2024 so far, combines Mars’ iconic brands like M&M's and Snickers with Kellanova’s popular products. Mars is paying $83.50 per share, a 33% premium, and aims to integrate Kellanova’s snacks into its portfolio while maintaining stable prices despite ongoing inflation pressures. 🌍 Strategic Growth and Market Expansion: The acquisition is set to strengthen Mars’ position in the global snacking market. Kellanova’s distribution network in Africa offers new opportunities for Mars to expand its candy sales, while Mars’ established presence in China could boost Kellanova’s brands. Mars plans to leverage this deal to introduce healthier snack options and enhance its market share, responding to evolving consumer preferences. 📈 Financial and Strategic Impact: Mars’ acquisition is expected to face minimal antitrust hurdles due to limited overlap between the companies. The deal will be financed through cash and a $29 billion debt commitment from JPMorgan Chase and Citi. Once finalized in early 2025, Kellanova will join Mars Snacking, led by Global President Andrew Clarke, while Kellanova’s CEO Steve Cahillane will depart post-deal. #MarsAcquisition #Kellanova #SnackingIndustry #MergersAndAcquisitions #GlobalExpansion #HealthySnacks #FoodIndustry #BusinessNews

2024’s biggest deal (so far) Dealmaking continues to heat up this summer with 2024’s largest transaction announced last week. 🔝🤝 Highlights to note: 📌Food giant Mars is set to acquire Kellanova for US 36 billion in a deal that is expected to significantly impact the consumer-packaged goods industry. With both companies owning iconic billion-dollar brands, the transaction has the power to redefine the global competitive landscape and drive major shifts in consumer and market dynamics. Kellanova's portfolio includes Pringles, Cheez-It, Pop-Tarts, Rice Krispies, NutriGrain, and Eggo, while Mars owns megabrands such as M&Ms, Twix, Snickers, Dove, as well as well-loved pet care labels Royal Canin and Cesar. 📌Deal activity last week was particularly intense in the US, with all 5 top transactions involving American companies across various industries. 📌The larger-than-usual deals drove value up by 85%, from USD 38.85 billion to USD 71.91 billion, even though the number of deals decreased to 533 from 570. This week's report is another reminder of how M&As constantly impact our lives, from the products we consume to the industries supporting our communities and the handshakes that have the power to remake our future. #megadeals #mergersandacquisitions

2024’s biggest deal (so far) Dealmaking continues to heat up this summer with 2024’s largest transaction announced last week. 🔝🤝 Highlights to note: 📌Food giant Mars is set to acquire Kellanova for US 36 billion in a deal that is expected to significantly impact the consumer-packaged goods industry. With both companies owning iconic billion-dollar brands, the transaction has the power to redefine the global competitive landscape and drive major shifts in consumer and market dynamics. Kellanova's portfolio includes Pringles, Cheez-It, Pop-Tarts, Rice Krispies, NutriGrain, and Eggo, while Mars owns megabrands such as M&Ms, Twix, Snickers, Dove, as well as well-loved pet care labels Royal Canin and Cesar. 📌Deal activity last week was particularly intense in the US, with all 5 top transactions involving American companies across various industries. 📌The larger-than-usual deals drove value up by 85%, from USD 38.85 billion to USD 71.91 billion, even though the number of deals decreased to 533 from 570. This week's report is another reminder of how M&As constantly impact our lives, from the products we consume to the industries supporting our communities and the handshakes that have the power to remake our future. #megadeals #mergersandacquisitions

Breaking News: Mars Inc. to acquire Kellanova in $29 Billion MegaDeal! Mars, the global leader in confectionery, food, and pet care, is set to acquire Kellanova, the iconic maker of Pringles and Pop-Tarts, for an eye-watering $29 billion. This historic deal, engineered by Mars' management team, will thrust the notoriously private Mars family, including Jacqueline Mars, into the spotlight. With brands like Snickers, M&M’s, Pedigree, and Whiskas already under their belt, this acquisition will further cement Mars' dominance in the snack industry. Aside Note: This mega move by Mars could potentially prompt Nestlé to make a significant acquisition of their own - it would be about time to do a leapfrog move ;-). After their landmark deal with Starbucks, the market has been waiting for another big play from the Nestlé kitchen. Could this be the spark they need to boost their share price? #MegaDeal #MergersAndAcquisitions #Mars #Kellanova #Nestlé #BusinessNews #FoodIndustry #fmcg #pringles #whiskas #kellogs #snickers #snacks #boldmove

Exciting news in the business world! 🌍 Mars has finalized a major acquisition in the snack market, a deal exceeding $35 billion. 🚀 This strategic move showcases Mars' commitment to expanding its market presence and product offerings. The acquisition reflects careful planning, highlighting the importance of understanding emerging markets. 📈 While Kellanova's focus on emerging markets provides a promising opportunity for growth, successful integration requires more than just a shared industry. -🤝 Cultural capital, - market knowledge, - a harmonious approach to business functions are key elements for a smooth transition and sustained success. 💼 By emphasizing collaboration and a shared vision, Mars aims to create a synergistic partnership rather than a dominant-subordinate dynamic. 🌟 This approach is essential for the seamless integration and long-term success of this landmark acquisition. 🌐 #BusinessNews #Acquisition #MarketExpansion #Collaboration #SuccessFactors

🚨 Major Industry News! 🚨 Mars has secured a blockbuster $36bn (£28bn) acquisition of Kellanova, creating a new snacking powerhouse. This monumental deal brings together iconic brands like Snickers, M&M’s, Pringles, and Cheez-It, reinforcing their dominance in the market. 🌍 The merger promises to reshape the global snacking landscape, highlighting the growing demand for convenience and innovation in the industry. 🔍 What are your thoughts on this major shake-up? How do you think it will impact the snacking sector and consumer choices? Share your insights in the comments below! Excited to see how this new venture evolves and the impact it will have on the market! You can read more about this acquisition here: https://lnkd.in/g9G5vt_G #Mars #Kellanova #Snacking #MergersAndAcquisitions #FoodIndustry #Innovation

The big food news of the day is a potential Mars acquisition of Kellanova. Mars, of course, is the massive, privately held company known for M&Ms, Snickers and Twix. Kellanova, is the snacking side spinoff of Kellogg—the cereal side was left to sink or swim on its own, and we can see the results of that decision paying off. There's a lot going on here, but the biggest lesson I'm seeing is that the chocolate business cannot stand on its own. Mars, of course, already has other brands outside of chocolate. But the more it leans on chocolate, the more it leans on an unpredictable, climate change susceptible commodity. Kellanova, for its part, has a winning story to tell of its own: Right after PepsiCo said its snack sales were lagging, Kellanova reported the opposite. Do people prefer Pringles to Doritos? Not my personal preference, but I still say, the produce business is the way forward!! Here's our story on the news: https://lnkd.in/e-wAzjxN

Back in March, we wrote about the troubling concentration in the food supply chain. Significant market power in an essential industry like food is problematic, though it can also enhance the potential of engagement, as dialogue with a few key companies can have outsized influence across a massive supply chain. Unfortunately, in the case of private company Mars’ acquisition of Kellanova, the potential for shareholder engagement is diminished. We will be watching to see what antitrust authorities say as this could set precedence for any future deals in the sector. https://lnkd.in/eCR2BDXG

Mars has entered into an agreement to acquire Kellanova for US$83.50 per share in cash, for a total consideration of US$35.9 billion. The deal is hailed as an opportunity to create a broader, global #snacking business and brings together “two values-based and purpose-led businesses.” We look into the transaction. #foodbusiness #foodindustry #globalbrands Read the full article here👉https://lnkd.in/dDZjXNf2