Kellanova shares soar as Mars weighs deal for snackmaker

Kellanova has had a string of strong earnings since and recently raised its guidance for the full year

The stock has gained 13% this year, valuing the company at $21.6bn (€19.7bn).

Kellanova shares have shot up with Mars considering buying the snackmaker in what could be one of the biggest deals this year. Talks are ongoing.

Kellanova shares jumped 22% in pre-market trading. The stock has gained 13% this year, valuing the company at $21.6bn (€19.7bn). A deal could value Kellanova at around $30bn (€27.3bn), the Wall Street Journal reported earlier.