Kellanova is no longer a standalone company after its
takeover by Mars, causing its
delisting and cashing out of shares at
$83.50 per share. The
$36 billion deal was previously approved by the European Union, marking the end of an era for this blue-chip stock. Shareholders of Kellanova received a total of
$83.50 in cash as the deal closed, resulting in a
steady gain in share price prior to delisting. Several unnamed investment firms acquired significant shares in Kellanova before the completion of the deal; their stake is now cashed out. Meanwhile, Kellanova's sister company, WK Kellogg, was acquired by the Ferrero Group. Both the Mars and Ferrero deals led to mixed performance in Kellanova's stock prior to delisting, with a 52-week high and low marked at
$83.49 and
$77.69, respectively. Alleged operational stagnation and low innovation were cited as the primary reasons for the company's stagnation. Overall, the move marks a significant turn in the company's history and positions it for possible evolution under the new ownership of Mars.
Kellanova Stocks K News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Tue, 06 Jan 2026 21:11:57 GMT -
Rating -8
- Innovation -5
- Information 9
- Rumor -7
