Kellanova down amid report of Mars' $36 billion bid facing EU scrutiny
18/06/2025 18:10
** Shares of Kellanova K.N fall as much as 3.2% to $77.70, the lowest since August 2024 ** Reuters reports Mars' $36 billion bid for Kellanova faces full-scale EU antitrust investigation, citing people close to the matter ** Report signals possibility that Mars would need to divest assets to address competition concerns ** Mars unlikely to offer remedies to address concerns during preliminary review of deal, which ends on June 25, sources say - report ** Mars said in August last year that the bid of Kellanova could be its biggest deal to date, as well as for the packaged foods industry ** Including session moves, stock down 2.2% YTD (Reporting by Neil J Kanatt in Bengaluru) ((Neil.JKanatt@thomsonreuters.com;))