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European Commission Approves Mars' $36 Billion Kellanova Merger

12/8/2025

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Summary

Story summary

The European Commission approved Mars' $36 billion acquisition of Kellanova after a thorough review, a merger that combines Mars' confectionery and pet food brands with Kellanova's snacks and cereals.
The Commission determined the merger would not significantly enhance the merged company's bargaining power with retailers.
The deal was announced in August 2024 and was referred for in-depth review in June 2025.

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Story summary

The European Commission approved Mars' $36 billion acquisition of Kellanova after a thorough review, a merger that combines Mars' confectionery and pet food brands with Kellanova's snacks and cereals.
The Commission determined the merger would not significantly enhance the merged company's bargaining power with retailers.
The deal was announced in August 2024 and was referred for in-depth review in June 2025.