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Kellanova Stock Holds Steady Amid Mars Acquisition Limbo

Kellanova Stock Holds Steady Amid Mars Acquisition Limbo

Author:

Global Cryptocurrency

Published:

2025-10-30 16:48:03

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BTCCSquare news:

Kellanova shares hovered NEAR $83.07 as markets priced in the pending $83.50-per-share acquisition by Mars. Trading activity remains muted, with the deal's completion contingent on regulatory approvals expected by late 2025.

Third-quarter results showed modest 0.9% sales growth, though profits contracted due to mark-to-market adjustments. African noodle sales offset declines in North America and Europe, highlighting regional divergences.

The company has suspended forward guidance as integration preparations take precedence. Shareholders approved the transaction in November 2024, leaving regulatory clearance as the final hurdle before Mars' all-cash buyout concludes.

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