EU Commission clears Mars' $36 billion Kellanova deal
The European Commission has approved Mars' $36 billion acquisition of Kellanova, clearing the last regulatory hurdle. The deal, one of the largest in the snacks sector, will combine brands like M&Ms, Snickers, Pringles, and Kellogg’s cereals. The Commission found no competition concerns, and Mars expects the deal to close on December 11. Mars plans to expand its brand portfolio and innovate despite inflation challenges.