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 $3.1 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, ...

Shares of cereal maker WK Kellogg (KLG 30.66%) rose 34% this week as of noon E.T. Thursday, according to data provided by S&P Global Market Intelligence.One week after being added to a slew of Russell Value indexes, it turns out WK Kellogg was indeed a good value investment -- at least in the eyes of Ferrero.On Wednesday, the Italian chocolate and candy juggernaut announced plans to buy Kellogg for $23 per share, prompting this week's spike in price.The acquisition announcement comes just months after rumor ...

WK Kellogg on Thursday agreed to be bought by the owner of Ferrero Rocher in a deal worth around $3.1 billion, as the cereal maker has been struggling with weakening consumer demand due to persistently high inflation.Deal making in the snacking space has picked up pace as food brands battle muted sales in the wake of price hikes owing to higher input costs and a shift in consumer preference for healthier options.Ferrero has offered WK Kellogg’s shareholders $23 per share, representing a 31% premium to the s ...

Acquisition supports Ferrero's portfolio expansion and growth in North America by adding WK Kellogg Co's highly complementary, iconic cereal brands, serving consumers across more occasions throughout the dayWK Kellogg Co shareowners to receive $23.00 per share in cash representing 40% premium to 30-day volume weighted average trading priceLUXEMBOURG and BATTLE CREEK, Mich., July 10, 2025 /PRNewswire/ -- The Ferrero Group ("Ferrero" or the "Company") and WK Kellogg Co (NYSE: KLG) today announced that they ha ...