Heat oven to 325°F. In large bowl, mix cereals, pretzel sticks and peanuts.
In small bowl, mix butter, Worcestershire sauce, hot pepper sauce, salt and garlic powder. Pour over cereal mixture; toss to coat. Spread in ungreased 15x10x1-inch pan.
Bake 25 to 30 minutes or until lightly toasted, stirring occasionally. Cool 30 minutes. Store in tightly covered container.