EU antitrust regulators are set to start a full-scale probe into Mars' proposed $35.9 billion acquisition of Kellanova (K), Reuters reported Wednesday, citing people close to the matter.
The deal raised concerns over Mars' market leadership in some products, the report said.
Mars probably won't offer concessions to address these concerns during a preliminary regulatory review, which concludes June 25, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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