EU Regulators Cast Shadow Over $36B Mars-Kellanova Merger, Citing Monopoly Concerns
EU Regulators Cast Shadow Over $36B Mars-Kellanova Merger, Citing Monopoly Concerns The ambitious $36 billion merger between confectionery giant Mars and snack powerhouse Kellanova, a deal that stood out in a quiet M&A landscape, is now facing significant headwinds from European regulators. The European Commission has launched an in-depth investigation, expressing “serious doubts” about the proposed tie-up’s potential impact on competition within the bloc. Announced last August, the merger aims to create a food behemoth with over $63 billion in…