EU and US could reach trade deal this weekend - Reuters
Investing.com -- The European Commission plans to launch a full-scale investigation into Mars’ $36 billion bid for Kellanova (NYSE:K), the maker of Pringles, according to Reuters, citing sources familiar with the matter.
EU antitrust regulators have expressed concerns about Mars’ high market share in certain product categories across some European Union countries, the sources said Wednesday.
The candy company is not expected to offer remedies to address these concerns during the preliminary review phase, which concludes on June 25, according to the same sources.
Kellanova is known for manufacturing the popular Pringles potato chips brand.
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