Big Food Would Benefit From Private Ownership.

The article discusses the potential benefits of U.S. food companies being privately owned, using the bid for Kellanova by Mars Inc. as an example. The author suggests that ownership by patient capital, away from the quarterly pressures of public companies, could be advantageous for packaged food sellers. The article highlights the volatility of the packaged food industry and the constant fluctuations in investor preferences. It also mentions the success of the spinoff of W.K. Kellogg and raises questions about the potential synergies between Kellanova and Mars. Overall, the article explores the idea that private ownership may allow these brands to thrive and grow outside of the public spotlight. [Extracted from the article]