Pringles and M&M’s are not a particularly appetising pairing. That is, unless you are Mars.
The US candy giant, home of Snickers and Skittles, is in talks to buy snack maker Kellanova. For Mars, Kellanova is an opportunity to diversify its chocolate-heavy portfolio with savoury snacks and give it more exposure to international markets. But too high a takeout price – which could be between $30bn to $33bn – risks a bad case of indigestion.
Read the full article on the Financial Times website (PayWall)
