The merger of two food giants?

The deal would be one of the largest ever in the food sector, given Kellanova's market value of about $27 billion including debt, and would test regulators' appetite to allow consolidation in the sector. Kellanova shares have risen about 20% since it was spun off from WK Kellogg Co last October, but it still trades at a discount to some rivals, such as Hershey and Mondelez International, making it a potential acquisition target. There is no certainty that Kellanova