Mars' pending acquisition cleared the Federal Trade Commission process. The global company noted that Kellanova (NYSE:K) transaction has now received all but one of the 28 required regulatory clearances,

Mars' proposed acquisition of Kellanova has received a crucial endorsement from the US Federal Trade Commission, but now faces scrutiny from the European Commission.

The FTC on June 25 announced it granted an early termination of its probe into the nearly year-old Mars-Kellanova transaction. Earlier in the day, the EC — the executive branch of the European Union (EU) — said it has launched an “in-depth investigation” of the planned acquisition, citing competitive concerns under the EU Merger Regulation.