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Kellogg's Stock Explodes On M&A Talk—Too Late To Buy?
WK Kellogg CoWK Kellogg Co(US:KLG) Forbes·2025-07-11 18:50

Photo by Justin Sullivan/Getty ImagesGetty Images WK Kellogg Co. (NYSE: KLG) jumped nearly 30% on July 10 following the announcement from Italian food leader Ferrero regarding a 3.1billionacquisition,inclusiveofdebt.Thisall−cashtransactionvaluesWKKelloggat3.1 billion acquisition, inclusive of debt. This all-cash transaction values WK Kellogg at 23 per share, representing an almost 40% premium over the 30-day volume-weighted average trading price, and is anticipated to finalize in the second half of 2025, subject to regulatory approvals. Ferrero, renowned for brands such as Nutella, ...