What The Mars-Kellanova Deal Will Really Cost Consumers
Two of the world’s largest snack food companies are going to make Big Food even bigger. Privately-held Mars, Inc. has entered into a definitive agreement to acquire Kellogg’s snack spinoff Kellanova for almost $36 billion, or over a 16X EBIDTA multiple. But while shareholders are surely salivating at such a profitable deal, consumers will be paying a much higher price for a long...
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