Kellanova's stock surges 16% on reports of buyout interest from Mars and Hershey.

From CNBC: 2024-08-05 16:18:26

Shares of Kellanova surged 16% on Monday due to reports of buyout interest. Mars and Hershey are in talks to acquire the snacking company. Kellanova, valued at nearly $25 billion, has a market value including Monday’s stock move. RBC Capital Markets analyst upgraded Kellanova, citing the potential deal as a catalyst. Buying Kellanova would enhance Mars’ snacking options.



Read more at CNBC: Stock climbs on reports of Mars interest