What do Pringles, M&M’s, and Pop-Tarts have in common? They’re all about to be owned by the same company!
Mars, the candy giant behind M&M’s, Snickers, and Skittles, is set to buy Kellanova, maker of Pringles, Cheez-It, and Pop-Tarts, for a whopping $29 billion!
This mega-deal is one of the largest this year, shaking up the snack food industry.
It’s Mars’ biggest move ever, even bigger than their 23 billion dollar Wrigley takeover in 2008.
But why now? Mars has been struggling with slowing sales and falling demand, especially in Europe.
Meanwhile, Pringles has been crushing it, beating earnings expectations despite market slowdowns in the US.
This power move could create a snack empire! Which of these treats is your favorite, let us know in comments?