A Sweet Alliance: Mars Inc. Acquires Kellanova in $35.9 Billion Cash Transaction

In a $35.9 billion all-cash transaction, Mars Inc. announced the acquisition of Kellanova, ‎creating one of the largest privately held companies in the global snack industry. The deal, ‎valued at an EV/EBITDA multiple of 15.4x, brings together Mars’ strengths in confectionery and ‎pet care with Kellanova’s international snack and cereal brands. The transaction aims to…