Mars, owner of chocolates like M&Ms and Dove as well as pet brands like Pedigree, agreed to buy snack giant Kellanova, which makes Cheez-It and Pringles, for nearly $36 billion, according to a regulatory filing submitted Wednesday.
Mars will pay $83.50 per share, which represents a 33% premium over Kellanova’s closing price on Aug. 2. Kellanova stock soared earlier this month after the news was first reported, which is typical leading up to a deal.
The feds say they don’t think Zealthy has the liquidity to pay what it owes customers.
Netflix is launching a game for preschoolers, its latest foray into stuff-you-play instead of stuff-you-watch.
American Airlines on Thursday announced that it, too, will be hiking the fees it charges customers to check luggage.
With the move, all four of the major US airlines, which together control about 80% of the US market, have now hiked their baggage fees in recent days amid surging jet fuel prices.
The change will go into effect on tickets bought on or after Thursday, the same day Southwest’s hike begins.
Since late March, JetBlue, Delta Air Lines, United Airlines, Canada’s WestJet, and Southwest have hiked their fees. Experts expect more major carriers to follow, and to potentially tweak the pricing of other ancillary revenue sources like seat assignments and carry-on luggage.
The change will go into effect on tickets bought on or after Thursday, the same day Southwest’s hike begins.
Since late March, JetBlue, Delta Air Lines, United Airlines, Canada’s WestJet, and Southwest have hiked their fees. Experts expect more major carriers to follow, and to potentially tweak the pricing of other ancillary revenue sources like seat assignments and carry-on luggage.
