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Ferrero’s $3.1 Billion WK Kellogg Acquisition Poised for Imminent Closure

Ferrero’s $3.1 Billion WK Kellogg Acquisition Poised for Imminent Closure

Ferrero’s $3.1 Billion WK Kellogg Acquisition Poised for Imminent Closure The confectionery giant Ferrero is on the cusp of finalizing its $3.1 billion acquisition of WK Kellogg Co., the company behind iconic American cereals like Froot Loops. The landmark deal, which will see Ferrero integrate WK Kellogg Co. as a wholly owned subsidiary, is anticipated to conclude in the second half of 2025, subject to final shareholder and regulatory approvals. Under the terms of the agreement, Ferrero will acquire all…

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Ferrero’s Acquisition of WK Kellogg Co. Remains Unconfirmed Amid Past Reports

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…

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