New York Post

Chocolate giant Mars announced that it was acquiring rival snack company Kellanova in a deal valued at nearly $30 billion — the largest ever acquisition in the packaged food industry.

The privately held maker of popular chocolate bars including Snickers, M&Ms and Milky Way said it has agreed to pay $83.50 a share — or a 33% premium to its closing price on Aug. 2 — for Kellanova in an all-cash deal, according to The Wall Street Journal.

Kellanova, whose portfolio of brands includes Cheez-It, Pringles and Eggo, closed at $74.50 a share on Tuesday. The stock was up by more than...

Chocolate giant Mars to acquire Kellanova, maker of Cheez-Its and Pringles, in $29B deal

The Associated Press

M&M’s maker Mars is buying Kellanova, the maker of Cheez-Its and Pop-Tarts, for nearly $30 billion, in an effort to broaden its snacking portfolio and expand globally. Kellanova was created last year when the Kellogg Co. split into two companies. Kellanova sells many of the former company’s most profitable brands, including Pringles, Eggo, Town House, MorningStar Farms and Rice Krispies Treats. It had net sales of more than $13 billion last year and has approximately 23,000 employees.  Mars Inc. said Wednesday that it will pay $83.50 per share in cash. The company put the total value of the transaction at $35.9 billion, including debt.  The deal will give Mars significantly more buying power from suppliers and selling power in negotiations with grocers and other retailers, said Randal Kenworthy, a senior partner specializing in consumer products at the consulting firm West Monroe.

Sweet and salty deal worth $30 billion would put M&M's and Snickers alongside Cheez-It and Pringles

Business Insider

One of the biggest deals this year brings brands including Pop-Tarts, Eggo waffles, and Pringles under the same ownership as M&Ms and Snickers.

Mars is buying the maker of Pringles and Cheez-It for almost $36 billion

The Independent

Mars, whose brands include M&M's, Snickers and Skittles, is buying food company Kellanova in a deal worth nearly $30 billion, giving it access to a huge portfolio of consumer brands from Cheez-It to Pop-Tarts.Kellanova was created when the Kellogg Co. split into three companies last year. Kellanova, based in Chicago, houses many brands, including Pringles, Town House, MorningStar Farms and Rice Krispies Treats. It had net sales of more than $13 billion last year and has approximately 23,000 employees. Mars Inc. said Wednesday that it will pay $83.50 per share in cash. The company put the total value of the...

Mars, maker of M&M's and Snickers, to buy Cheez-It owner Kellanova for nearly $30 billion

BestReviews is reader-supported and may earn an affiliate commission. Details. Starbucks just dropped a brand new ‘Smoked Butterscotch’ coffee flavor for fall. As much as we all love to stop at Starbucks for a little treat (particularly in the fall, when the coffee chain rolls out its best menu of the year, hands down), that can really add up in price. Starbucks drinks are a splurge, not an everyday expense. So when you need your daily pick-me-up, how about a fall-inspired drink from Starbucks’ flavored coffees available in grocery stores?

Starbucks announces Pumpkin Spice is back on shelves – and debuts new coffee flavor

New Haven, CT

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Herbie J Pilato

He was born on April 2, 1949, in New Haven, Connecticut, and died of a heart attack at only 63 on August 14, 2012, in Palm Beach Gardens. His birth name was Ronald Gabriel Paolillo, but his stage name was Ron Palillo who was best known as Arnold Dingfelder Horshack on TV's hit 1970s sitcom, Welcome Back, Kotter.

The Tragic Death of 'Welcome Back, Kotter' Actor Ron Palillo: A Look Back

If you’ve been wondering what’s on the menu at Starbucks this fall, you’re in luck, as most of the menu has just been leaked. The fall menu at Starbucks is perhaps the most anticipated of the year, as we enter the season of Pumpkin Spiced Lattes and warm, cinnamon muffins.

What’s on the Starbucks fall menu 2024? All leaked items

Taste of Country

One day, we might be able to tell our kids and grandkids that we used to go to a place called a shopping mall to purchase things in person. Most of us are familiar with the mall setups: you have your anchor stores such as Macy's, JCPenny, Sears and others, then you have the stores that make up the inner-workings of the mall as well.

Macy’s Closing 150 Locations & You Won’t Believe What The Empty Stores Will Turn Into

NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

GeekSpin

Dunkin’ has just unveiled a quartet of iced coffee creations that will be available for a limited time only – and you can’t order them at the counter because these cool concoctions are exclusive to the Dunkin’ mobile app. Dubbed “The Chef Nick Menu,” this limited-time offering features four iced coffee variations that push the […]
Read the original article on Dunkin’s New Iced Coffee Flavors Can’t Be Ordered at the Counter

Dunkin’s New Iced Coffee Flavors Can’t Be Ordered at the Counter

Parade

Fans began noticing a change in the flavor of Starbucks' coffee months ago, and now we know why.

Why Starbucks Iced Coffee Suddenly 'Tastes Different'

A beautiful, remarkably well-preserved mosaic that was “hidden for thousands of years” has been uncovered by archaeologists in northwestern England.

Mosaic buried for thousands of years uncovered by archaeologists

The Samsung Galaxy Watch 7 is a subtle but welcome upgrade to one of the best smartwatches around, offering improved performance and refined fitness capabilities.

The Samsung Galaxy Watch 7 makes a great smartwatch even better

The Shade Room

Former PepsiCo janitor turned exec Richard Montañez is suing the company for denying that he invented Flamin’ Hot Cheetos. The Associated Press reports the lawsuit states that his career was destroyed after the food giant questioned his claim. RELATED: Mountain Dew To Release New Malt Liquor Version ‘Hard Mountain Dew’ Early Next Year Richard Montañez [...]
The post A Spicy Dispute! Former PepsiCo Janitor Sues Company After Alleging He Invented Flamin’ Hot Cheetos appeared first on The Shade Room.

A Spicy Dispute! Former PepsiCo Janitor Sues Company After Alleging He Invented Flamin’ Hot Cheetos

New York City, NY

This week, the model stepped out in a look that called for a double-take.

Look of the Week: Ashley Graham’s shirt skirt and the return of DIY fashion

Followers of Donald Trump are calling for a boycott of Dunkin’ Donuts after the chief executive of Rumble claimed that the coffee chain refused to advertise on the conservative video platform because of its “right-wing culture”. Rumble has joined Elon Musk’s X in a lawsuit against a...

MAGA fans call for boycott of Dunkin Donuts: ‘The Bud Lite treatment’

Oreo has been on another level with its launches lately. So far this year, it’s mostly been about the mint chip flavor of the iconic cookie—even bringing it to the cereal aisle—but we can’t forget about the “Star Wars” cookies and the (slightly unhinged) Sour Patch Kids release from the spring.

Oreo and Coca-Cola Are Joining Forces on 2 New Products

Quincy, MA

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Dianna Carney

Great news for foodies in the Quincy area! The Quincy Chamber of Commerce has announced the highly anticipated return of the Taste of Quincy Food Festival, marking its first occurrence since 2019. "We're thrilled to kick off the summer with a spectacular local food festival, hosted along the beautiful waterfront at the Adams Inn!" the Chamber stated, expressing their excitement.

Popular Quincy Food Festival Returns For First Time in 4 Years!

Orlando, FL

A man suing Walt Disney Parks and Resorts for the wrongful death of his wife is facing a new legal hurdle: Disney is trying to get it dismissed and sent to arbitration — because he signed up for Disney+ years earlier.

Disney wants wrongful death suit thrown out because widower bought an Epcot ticket and had Disney+

Stockton, CA

Joel Eisenberg

This article is based on corporate postings and accredited media reports. Linked information within this article is attributed to the following outlets:Wikipedia.org, ScrapeHero.com and The-Sun.com.

One of the Last-Remaining U.S. Sears Stores Shuttering August 16 in Major California Shopping Mall

NewsBreak

Mars agrees to buy Pringles maker Kellanova in $36 billion deal

Mars has agreed to buy Kellanova in a deal that values the maker of Cheez-It and Pringles at almost $29...

Mars agrees to buy Pringles maker Kellanova in $36 billion deal

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