Mars Inc., the renowned confectionery and pet food company, is reportedly considering acquiring Kellanova (NYSE:K), the snack manufacturer behind popular brands like Cheez-It and Pringles. What Happened: Mars Inc. is contemplating a potential acquisition of Kellanova. The latter, which also produces other well-known snacks, has a market value of approximately $27 billion, including debt, Reuters, reported citing people familiar with the matter. The news has caused a significant surge in Kellanova’s stock, which is up by about 20% since its separation from WK Kellogg Co. last October. Despite t…