Kellanova - K STOCK NEWS

Kellanova (NYSE: K) partners with Cornell University for the fourth year of their Omnichannel Leadership Program, addressing the evolving landscape of grocery retail. The program, launching June 23-26, 2025, at Cornell Tech in New York City, was developed in collaboration with industry leaders including Ahold Delhaize.

The exclusive program, to 50 participants, has trained 136 professionals from 54 companies since its inception. It offers a Cornell SC Johnson College of Business certificate and features industry experts alongside Cornell faculty. The curriculum focuses on emerging trends including AI-driven commerce, data analytics, and customer engagement strategies.

Key program features include:

• Small-group immersive learning environment
• Annually updated curriculum reflecting latest industry trends
• Practical, actionable insights for immediate implementation
• World-class faculty and industry leader participation

Kellanova (NYSE: K) has announced a strategic collaboration with Miller Lite to launch -edition Pringles flavors combining beer and barbecue tastes. The new product line features two variants: Pringles x Miller Lite Beer Can Chicken and Pringles x Miller Lite Grilled Beer Brat.

The Beer Can Chicken flavor combines savory roasted chicken with garlic and onion notes, while the Grilled Beer Brat features smokey flavors with black pepper, caramelized onion, and brown spice. Both variants incorporate Miller Lite's signature hoppy, malt beer aroma.

The -edition flavors will be available nationwide starting May 2025 while supplies last. This innovation represents the first-of-its-kind collaboration between these two brands, aimed at capturing the essence of summer cookouts in snack form.

Wendy's (WEN) is launching innovative variations of its iconic Frosty dessert with two new product lines. Frosty Swirls, launching April 11 in the Wendy's app and nationwide April 15, feature three sauce options: Strawberry, Caramel, and Brownie Batter. Frosty Fusions, launching nationwide May 12, combine sauces with mix-ins including Pop-Tarts Crunchy Poppers and OREO cookie pieces.

The new lineup includes Pop-Tarts Strawberry Frosty Fusion, OREO Brownie Frosty Fusion, and Caramel Crunch Frosty Fusion. To support this launch, Wendy's has updated its restaurant equipment, introduced new domed-lid cups for fry dipping, and designed custom blue Frosty spoons.

Kellanova (NYSE: K) is leveraging advanced analytics and AI to enhance its marketing strategies and reach diverse audiences. The company has implemented several successful tech-driven initiatives:

The Special K brand in the UK launched a Clean Room AI Pilot, combining AI and clean room technology, resulting in sales lifts of 9% to 36% and increased brand consideration. The Pringles brand executed notable collaborations, including Pringles x Crocs, which generated 1.6 billion impressions, and Pringles x Caviar Co, which garnered over 10 billion TikTok views.

The company's Pringles Poptopia initiative, featuring QR codes on cans for exclusive content access, has driven a 30% increase in first-party data. Kellanova is focusing on creative effectiveness through partnerships with VidMob, finding that creative elements drive almost half of total marketing effectiveness.

Kellogg's is launching a new premium line called Rice Krispies Treats Bliss, featuring multi-topping marshmallow treats in two flavors: Chocolate Sea Salt Pretzel and Caramel Sea Salt Pretzel. The new products combine the classic crispy rice and marshmallow base with gourmet toppings including semi-sweet chocolate chunks or caramel-flavored chips, and candied sea salt pretzels.

The innovation was inspired by fans' homemade creations featuring various mix-ins. The new premium treats will be available nationwide starting April 2025, priced at $3.99 for a 6-count box. The company indicates these two flavors are just the beginning of a new series of decadent textural combinations planned for the brand.

Mars has announced the successful completion of its consent solicitations regarding Kellanova's (NYSE: K) outstanding senior notes. The company received the required consents from eligible holders to modify certain covenants and provisions in the existing Kellanova indentures from 2001, 2009, and 2024.

The modifications will align these provisions with Mars' outstanding senior notes and include Mars' guarantee following the acquisition's completion. While the supplemental indentures will be executed immediately, the proposed amendments and Mars guarantee will only become effective upon the acquisition's closing.

The consent solicitations expired on March 11, 2025, at 5:00 p.m. NYC time. Eligible holders who validly delivered consents will receive a consent payment after the acquisition closes. The acquisition remains subject to regulatory approvals and customary conditions, though it is not contingent on these consent solicitations.

Kellanova (K) has been named one of the 2025 World's Most Ethical Companies® by Ethisphere, marking its first recognition under the new company name following Kellogg Company's spin-off in 2023. The company joins an elite group of 136 organizations across 19 countries and 44 industries, being one of only 10 honorees in the Food, Beverage & Agriculture sector.

The recognition is based on Ethisphere's Ethics Quotient® assessment, which evaluates companies through 240+ proof points covering ethics, compliance, governance, environmental and social impact, and value chain initiatives. Notably, the 2025 honorees outperformed a comparable index of global companies by 7.8 percentage points from January 2020 to January 2025.

Mars, Incorporated has announced the pricing of a $26 billion private senior notes offering, structured across eight different tranches with varying maturities from 2027 to 2065. The notes carry interest rates ranging from 4.450% to 5.800%, with interest payable semi-annually.

The offering is expected to close around March 12, 2025. The proceeds will fund Mars' pending acquisition of Kellanova (NYSE: K). Upon completion of the acquisition, Kellanova is expected to guarantee the notes on a senior unsecured basis. If the acquisition is not completed by August 20, 2026, or if the merger agreement is terminated earlier, the notes will be subject to a special mandatory redemption at 101% of principal plus accrued interest.

Mars, Incorporated has announced consent solicitations from eligible holders of Kellanova's (NYSE: K) outstanding senior notes, in connection with Mars' pending acquisition of Kellanova. The solicitation seeks approval for amendments to three existing Kellanova indentures from 2001, 2009, and 2024.

Mars is offering to issue an unconditional and irrevocable guarantee for prompt payment of amounts owed to noteholders, along with a consent payment. The deadline for consent is March 11, 2025, at 5:00 p.m., New York City time. The proposed amendments will modify certain covenants and events of default to align with Mars' outstanding senior notes.

The amendments require majority consent from holders of various Kellanova notes. While the consent solicitations are independent of the acquisition's completion, the consent payment won't be made and Mars' guarantee won't be issued until the acquisition closes. The offer is to Qualified Institutional Buyers and non-U.S. persons as defined in Securities Act regulations.