August 5, 2024 - $Kellanova (K.US)$shares surged 22.34% to $77.05 in pre-market trading on Monday.
This increase came after a report by Reuters suggested that Mars, a major player in the candy industry, might be considering buying Kellanova. If Mars, which is also recognized for its snack brands like Rice Krispies Treats and Pop-Tarts, were to acquire Kellanova, it could be one of the largest deals in the history of the food packaging industry.