mars

Consumer & Healthcare

Mars US$36 billion Kellanova deal waved ahead by US regulator

The probe “will assess the transaction’s impact on the price of these companies’ products for consumers”

Buying Kellanova will bring brands including Pringles potato crisps and Cheez-It cheese crackers to Mars.

Consumer & Healthcare

Candy maker Mars is selling biggest US bond of year to fund Kellanova buy

The debt the company is taking on to fund the acquisition resulted in its seeing its credit ratings cut by one level by both S&P Global Ratings and Moody’s Ratings

Depending on its final size, Mars' bonds offering could feature among the top 10 largest M&A financing deals in the investment-grade bond market since 2013, according to Informa Global Markets data.

Companies & Markets

Mars readying over US$25 billion bond sale for next week: sources

FAMILY-OWNED candy giant Mars is preparing to sell bonds worth between US$25 billion and US$30 billion as soon as next week to help finance its takeover of Pringles maker Kellanova, according to peopl...

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