Latest news with #Ben'sOriginal
Chicago Tribune
8 hours ago
- Business
- Chicago Tribune
Pringles maker Kellanova's shares rise after US regulators approve its proposed merger with Mars
Snack maker Kellanova's shares rose Thursday on news that its proposed merger with Mars Inc. had cleared U.S. regulators. The U.S. Federal Trade Commission announced late Wednesday that after nearly a year of investigation, it determined that a merger between Mars and Kellanova wouldn't threaten competition in the market. Kellanova shares were up nearly 1% in morning trading. Mars is privately held. McLean, Virginia-based Mars makes sweet snacks like M&M's, Snickers and Skittles as well as Ben's Original rice and pet food. Chicago-based Kellanova, which was created in 2023 when the Kellogg Co. split into two companies, owns brands including Cheez-its, Pringles, Eggo, Town House, MorningStar Farms and Rice Krispies Treats. Last August, Mars announced its intention to buy Kellanova for $35.9 billion. It said the deal would help it broaden its snacking portfolio and expand globally. Around 50% of Kellanova's net sales come from outside the U.S. and Canada. Mars President and CEO Poul Weihrauch said that with the FTC's decision, the proposed merger has now cleared all but one of the 28 regulatory approvals it sought. An antitrust review by the European Commission remains outstanding. 'This brings us one step closer to uniting two iconic businesses with complementary footprints and portfolios, allowing us to deliver more choice and innovation to consumers,' Weihrauch said in a statement. Mars and Kellanova said they expect the deal to close towards the end of this year, pending the European review.
9 hours ago
- Business
Pringles maker Kellanova's shares rise after US regulators approve proposed merger
Snack maker Kellanova's shares rose Thursday on news that its proposed merger with Mars Inc. had cleared U.S. regulators. The U.S. Federal Trade Commission announced late Wednesday that after nearly a year of investigation, it determined that a merger between Mars and Kellanova wouldn't threaten competition in the market. Kellanova shares were up nearly 1% in morning trading. Mars is privately held. McLean, Virginia-based Mars makes sweet snacks like M&M's, Snickers and Skittles as well as Ben's Original rice and pet food. Chicago-based Kellanova, which was created in 2023 when the Kellogg Co. split into two companies, owns brands including Cheez-its, Pringles, Eggo, Town House, MorningStar Farms and Rice Krispies Treats. Last August, Mars announced its intention to buy Kellanova for $35.9 billion. It said the deal would help it broaden its snacking portfolio and expand globally. Around 50% of Kellanova's net sales come from outside the U.S. and Canada. Mars President and CEO Poul Weihrauch said that with the FTC's decision, the proposed merger has now cleared all but one of the 28 regulatory approvals it sought. An antitrust review by the European Commission remains outstanding. 'This brings us one step closer to uniting two iconic businesses with complementary footprints and portfolios, allowing us to deliver more choice and innovation to consumers,' Weihrauch said in a statement.
San Francisco Chronicle
10 hours ago
- Business
- San Francisco Chronicle
Pringles maker Kellanova's shares rise after US regulators approve its proposed merger with Mars
Snack maker Kellanova's shares rose Thursday on news that its proposed merger with Mars Inc. had cleared U.S. regulators. The U.S. Federal Trade Commission announced late Wednesday that after nearly a year of investigation, it determined that a merger between Mars and Kellanova wouldn't threaten competition in the market. Kellanova shares were up nearly 1% in morning trading. Mars is privately held. McLean, Virginia-based Mars makes sweet snacks like M&M's, Snickers and Skittles as well as Ben's Original rice and pet food. Chicago-based Kellanova, which was created in 2023 when the Kellogg Co. split into two companies, owns brands including Cheez-its, Pringles, Eggo, Town House, MorningStar Farms and Rice Krispies Treats. Last August, Mars announced its intention to buy Kellanova for $35.9 billion. It said the deal would help it broaden its snacking portfolio and expand globally. Around 50% of Kellanova's net sales come from outside the U.S. and Canada. Mars President and CEO Poul Weihrauch said that with the FTC's decision, the proposed merger has now cleared all but one of the 28 regulatory approvals it sought. An antitrust review by the European Commission remains outstanding. 'This brings us one step closer to uniting two iconic businesses with complementary footprints and portfolios, allowing us to deliver more choice and innovation to consumers,' Weihrauch said in a statement. Mars and Kellanova said they expect the deal to close towards the end of this year, pending the European review.
Winnipeg Free Press
11 hours ago
- Business
- Winnipeg Free Press
Pringles maker Kellanova's shares rise after US regulators approve its proposed merger with Mars
Snack maker Kellanova's shares rose Thursday on news that its proposed merger with Mars Inc. had cleared U.S. regulators. The U.S. Federal Trade Commission announced late Wednesday that after nearly a year of investigation, it determined that a merger between Mars and Kellanova wouldn't threaten competition in the market. Kellanova shares were up nearly 1% in morning trading. Mars is privately held. McLean, Virginia-based Mars makes sweet snacks like M&M's, Snickers and Skittles as well as Ben's Original rice and pet food. Chicago-based Kellanova, which was created in 2023 when the Kellogg Co. split into two companies, owns brands including Cheez-its, Pringles, Eggo, Town House, MorningStar Farms and Rice Krispies Treats. Last August, Mars announced its intention to buy Kellanova for $35.9 billion. It said the deal would help it broaden its snacking portfolio and expand globally. Around 50% of Kellanova's net sales come from outside the U.S. and Canada. Mars President and CEO Poul Weihrauch said that with the FTC's decision, the proposed merger has now cleared all but one of the 28 regulatory approvals it sought. An antitrust review by the European Commission remains outstanding. 'This brings us one step closer to uniting two iconic businesses with complementary footprints and portfolios, allowing us to deliver more choice and innovation to consumers,' Weihrauch said in a statement. Mars and Kellanova said they expect the deal to close towards the end of this year, pending the European review.
Time of India
24-05-2025
- Business
- Time of India
Amazon.com is sued over alleged sale of contaminated rice
HighlightsConsumers have filed a proposed class action lawsuit against Amazon over the sale of 18 types of rice contaminated with arsenic and other heavy metals, including products from Ben's Original and Whole Foods' 365 brand. The lawsuit follows a study by Healthy Babies, Bright Futures that revealed arsenic in all tested rice samples, with 28% exceeding U.S. Food and Drug Administration limits for infant rice cereal, raising concerns about the health risks to children. Plaintiffs in the case claim they would not have purchased contaminated rice products if they had been aware of the dangers, seeking unspecified damages of at least $5 million for violations of Washington state consumer protection laws. By Jonathan Stempel - was sued on Friday by consumers over its alleged sale of a wide variety of rice contaminated by arsenic and other "heavy metals." The proposed class action in Seattle federal court covers 18 types of rice sold through Amazon, including from familiar brands such as Ben's Original and Amazon-owned Whole Foods' 365. "Amazon sold these rice products with alarmingly high levels of heavy metals to an intended consumer audience that includes children, with no warning whatsoever about the dangers of heavy metals," the complaint said. The lawsuit followed a study last week by Healthy Babies, Bright Futures, a nonprofit that focuses on babies' exposure to toxic chemicals. That study found arsenic in all 145 rice samples purchased nationwide, with 28% exceeding a U.S. Food and Drug Administration limit for infant rice cereal. It also found cadmium in all but one sample, and lead and mercury in more than one-third of tested samples. Amazon, based in Seattle, had no immediate comment. Exposure to heavy metals has been associated with negative health effects such as nervous system problems, immune system suppression and kidney damage, and autism spectrum disorder and attention deficit hyperactivity disorder in young children. The 18 rice products include two from Ben's Original and three with the 365 label. Plaintiffs Ashley Wright and Merriman Blum said they would not have bought or would have paid less for Iberia Basmati 100% Aged Original rice, one of the products, if they knew the rice was contaminated or Amazon never tested it for heavy metals. Friday's lawsuit seeks unspecified damages of at least $5 million for Amazon's alleged violations of Washington state consumer protection laws. Makers of baby food and dark chocolate have also faced many consumer lawsuits over the alleged presence of heavy metals. The case is Wright et al v Inc, U.S. District Court, Western District of Washington, No. 25-00977.
