Candy giant Mars in talks to buy Pringles and Pop-Tarts maker Kellogg
$36 billion deal would be Mars' largest acquisition ever
Move would create a food and beverage behemoth with combined sales of over $100 billion
Candy and pet food giant Mars is in talks to buy Kellogg, the maker of Pringles, Pop-Tarts, and Eggo waffles, in a deal that would create a food and beverage behemoth with combined sales of over $100 billion.
The deal, which was first reported by Bloomberg, would be Mars' largest acquisition ever. Mars is already a major player in the food industry, with brands like M&M's, Snickers, and Pedigree. Kellogg is also a major player, with brands like Pringles, Pop-Tarts, and Eggo waffles.
The deal would combine two of the largest food companies in the world. Mars is the third-largest food company in the world, with sales of over $35 billion. Kellogg is the sixth-largest food company in the world, with sales of over $13 billion.
The deal would also give Mars a major presence in the snack food market. Pringles is one of the world's leading snack food brands, and Pop-Tarts is a popular snack food in the United States.
The deal is still in the early stages of negotiation, and it is not clear if it will ultimately be completed. However, if the deal does go through, it would be a major shake-up in the food industry.
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