King-sized Mars-Kellanova merger likely to draw regulators’ interest despite minimal overlaps

By Ilana Kowarski, Flavia Fortes and Andrew Boyce (August 20, 2024) -- US confectionery conglomerate Mars — known for its Twix, Snickers and M&M candies — has agreed to buy snack-maker Kellanova — owner of the Pringles potato chip brand — for $35.9 billion in a deal that could attract some interest from global antitrust authorities because of the size of the transaction and the parties involved, even though it has minimal overlaps....

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