Competition Commission of India (CCI) approves the acquisition of all outstanding equity shares of Kellanova by Mars, Incorporated

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..... Competition Commission of India (CCI) approves the acquisition of all outstanding equity shares of Kellanova by Mars, Incorporated
News and Press Release
Dated:- 1-1-2025

Competition Com .....

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..... mission of India (CCI) has approved the acquisition of all outstanding equity shares of Kellanova by Mars, Incorporated. The Proposed Combination envisages the acquisition of all outstanding equity s .....

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..... hares of Kellanova by Mars, Incorporated (Mars), as follows: (a) Merger Sub, a direct wholly-owned subsidiary of Acquiror 10VB8 LLC (Acquiror), will merge with and into Kellanova; and (b) Kellanov .....

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..... a will be the surviving entity and become an indirect wholly-owned subsidiary of Mars. Acquiror is a limited liability company created specifically for the Proposed Combination and is a direct wholly .....

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..... -owned subsidiary of Mars. Mars is headquartered in McLean, Virginia, United States and operates its business in three segments: (i) Snacking, (ii) Food & Nutrition, and (iii) Petcare. In India, Mars .....

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..... ' snacking division supplies only sweet confectionery, such as chocolate confectionery and sugar confectionery, as well as gum. Kellanova (formerly Kellogg Company) is a Delaware corporation listed o .....

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..... n the New York Stock Exchange. Kellanova principally manufactures and markets snacks and convenience foods. In India, Kellanova supplies breakfast cereals and potato crisps only. Detailed order of th .....

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..... e Commission will follow.
News - Press release - PIB .....

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