Snickers maker Mars explores acquisition of Kellanova

Family-owned food giant Mars is exploring the potential acquisition of Kellanova, known for snacks like Cheez-It and Pringles, per sources familiar with the matter. If realized, this would rank among the largest deals in the packaged food industry, as Kellanova has a market value of approximately $27 billion, including debt. This deal might also test regulatory willingness to permit further consolidation in this sector.