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Ferrero to Acquire Kellogg in $3.1B Deal
LUXEMBOURG and BATTLE CREEK, Mich. — The Ferrero Group will acquire WK Kellogg Co for a total enterprise value of $3.1 billion, or $23 per share in cash. This includes the manufacturing, marketing and distribution of WK Kellogg Co's portfolio of breakfast cereals across the United States, Canada and the Caribbean.
Italy's Ferrero has continued its U.S. spending spree with its proposed acquisition of famous cereal maker WK Kellogg amid ...
Italian confectioner Ferrero is acquiring U.S. cereal company WK Kellogg for $3.1 billion. The purchase aims to enhance ...
This deal continues Ferrero's track record of acquiring and growing well-known brands to strengthen its North American ...
Ferrero acquires Kellogg's cereal business for $3.1 billion, combining Nutella with Frosted Flakes in a major food industry consolidation deal.
WK Kellogg shares skyrocketed by approximately 50% in pre-market trading following news that Italian confectionery giant ...
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