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MM s maker Mars is buying Kellanova, the maker of Cheez-Its and Pop-Tarts, for nearly $30 billion, vastly expanding the number of household-name brands under one roof.Kellanova was created last year when the Kellogg Co. split into two companies. Kellanova sells many of the former company s most profitable brands, including Pringles, Eggo, Town House, MorningStar Far stanley cup ms and Rice Krispies Treats. It had net sales of more than $13 billion last year and has approximately 23,000 employees.Mars Inc. said Wednesday that it will pay $83.50 per share in cash. The company put the total value of the transaction at $35.9 billion, including debt.It is the biggest deal in the sector since J.M. Smucker b stanley cup ought Hostess for $5.6 billion last year and among the largest of 2024 behind Exxon Mobil s $60 billion acquisition of Pioneer Natural Resources and Capital One Financial s $35 billion acquisition of Discover Financial Services.RELATED STORY | Capita stanley cup l One to buy Discover in $35 billion dealMars purchase of Kellanova is expected to close in the first half of next year. Once it s complete, Kellanova will become part of Mars Snacking. Corporate headquarters will remain in Chicago.Mars, headquart Tzrl Tester announces Helena Veteran appointed to National Veterans Mental Health Commission
ST. PETERSBURG, Fla. 鈥?An NFL wide receiver has been charged in connection with an alleged scheme to file fraudul air max ent loan applications to get COVID-19 relief money from the Paycheck Protection Program PPP .Joshua Bellamy, 31, is facing federal charges for wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud. According to the U.S. Justice Department, the former Bears receiver conspired with others to get millions of dollars in Paycheck Protection Program PPP loans, which he then spent on luxury items.The DOJ said in a press release that Bellamy applied for an received a PPP loan of more than $1.24 million for his company, Drip Entertainment LLC. Bellamy then allegedly spent more than $104,000 in luxury goods from Dior, Gucci and retail jewelers using procee adidas samba og ds of his PPP loan, DOJ said in a press release.Bellamy is also accused of spending more than $62,000 in PPP loan proceeds at the Se airmax minole Hard Rock Hotel and Casino and withdrew more than $302,000, the DOJ alleges.Bellamy is a native of St. Petersburg, Florida and played collegiately at Louisville. Though he went undrafted, he eventually caught on with the Chicago Bears and started 57 games for the te |
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