EU Probes Mars Takeover of Pringles Maker Kellanova

Mars’ $36-B Kellanova deal gets US antitrust OK

BRUSSELS — Candymaker Mars’ takeover of Pringles maker Kellanova was cleared by US antitrust regulators on Wednesday, but their EU counterparts opened a full-scale investigation into the $36-billion deal, saying it could lead to price hikes.President Donald Trump’s antitrust enforcers, including Federal Trade Commission (FTC) Chairman Andrew Ferguson, have said they will not hesitate to block deals that harm competition in ways that hurt consume…

Mars’ $36B takeover of Kellanova delayed amid EU investigation

The merger is now expected to close late this year as regulators look into how the deal could impact Mars’ bargaining power with retailers and prices for consumers.

Mars'US $36bil Kellanova deal gets US antitrust approval as EU opens investigation

BRUSSELS: Candy maker Mars’ takeover of Pringles maker Kellanova was cleared by US antitrust regulators on Wednesday, but their EU counterparts opened a full-scale investigation into the US$36 billion deal, saying it could lead to price hikes. © New Straits Times Press (M) Bhd

Mars' Pending Acquisition of Kellanova Clears FTC Antitrust Review

MCLEAN, Va. & CHICAGO -- Mars, Incorporated, a family-owned, global leader in pet care, snacking and food, and Kellanova (NYSE: K), a leader in global snacking, international cereal and noodles and North America frozen foods, today announced that the U.S. Federal Trade Commission (FTC) has concluded its antitrust review of Mars’ pending acquisition of Kellanova.

Mars' acquisition of Pringles' maker triggers EU alarms

The EU is worried the takeover would increase Mars' bargaining power and hike prices for consumers. The snack maker said it was hopeful the deal to acquire Pringles' maker Kellanova would go through.