peanutty chex mix treat with m&ms

My friend Kris shared this recipe with me.  Her son has celiac disease so she tries to cook and bake completely gluten free.  I watched as 12 kids attacked a giant platter of these little goodies.  They are a combination of caramel, peanut butter and chocolate with a little crunch. 

peanutty chex mix treat with m&ms (my friend Kris C.)
1 cup white sugar
1 cup corn syrup
1 cup peanut butter
8-9 cups chex mix cereal
m&ms

Over the stove, combine white sugar and corn syrup over medium heat.  When the sugar has dissolved and the mixture is almost to boiling, remove from the heat and add the peanut butter.  Stir until creamy.
Make sure you have a large bowl handy that contains the chex mix cereal.  Add the sugar/peanut butter mixture to the chex mix and stir to combine.  Add the m&ms.  Drop by blobs onto waxed paper and let set.