M&M maker Mars to buy Cheez-It maker Kellanova in sector’s biggest deal

M&M’s maker Mars is buying Kellanova, the maker of Cheez-It and Pop-Tarts, in an effort to broaden its snacking portfolio and expand globally in what is being termed the biggest deal of the sector. Mars Inc said Wednesday that it will pay $83.50 per share in cash. The company put the total value of the transaction at $35.9bn, including debt. Kellanova was created last year when the Kellogg Company split into two companies. Chicago-based Kellanova sells many of the former company’s most profitable brands, including Pringles, Eggo, Town House, MorningStar...