Mars Just Got The Green Light For Its $36B Deal — But Europe Might Blow It Up

On Wednesday, the U.S. Federal Trade Commission (FTC) concluded its antitrust review of Mars Incorporated’s pending acquisition of Kellanova (NYSE:K).

Mars is a family-owned company in the pet care, snacking, and food industries.

In August 2024, Mars agreed to acquire Kellanova for $36 billion, or $83.50 per share.

Poul Weihrauch, CEO & Office of the President, Mars, said: “We are very pleased that the FTC has completed its review of the transaction without the imposition of any condition or requiring any remedy. The transaction has now received all but one of the 28 required regulatory clearances, with only the European Commission’s review outstanding.

Based on the current status of the European Commission’s ongoing antitrust review, Mars and Kellanova expect the transaction to close by the end of ...