Kellanova merger with Mars faces EC Phase II investigation; close now expected end of 2025

KELLANOVA

European Commission opened Phase II investigation into the Mars-Kellanova merger on June 25, 2025.
Kellanova now expects merger to close toward end of 2025, subject to regulatory approval.
Company and Mars remain optimistic about positive resolution of the EC antitrust review.
Merger remains subject to customary closing conditions including required regulatory clearances.

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