Ferrero’s Acquisition of WK Kellogg Co. Remains Unconfirmed Amid Past Reports
Ferrero’s Acquisition of WK Kellogg Co. Remains Unconfirmed Amid Past Reports Reports from a past Wednesday indicated that Michigan’s WK Kellogg Co., the Battle Creek-based cereal giant, was poised for a nearly $3 billion acquisition by Italian candymaker Ferrero SpA, known for Ferrero Rocher, Butterfinger, and Nutella. At the time, sources suggested a deal could be finalized within that same week. Following the initial reports, shares in Kellogg saw a significant surge, climbing over 50% in after-hours trading from a…