WK Kellogg Shares Skyrocket Over 50% Amid Reports of Imminent $3 Billion Ferrero Acquisition
WK Kellogg Shares Skyrocket Over 50% Amid Reports of Imminent $3 Billion Ferrero Acquisition Shares of cereal maker WK Kellogg experienced a dramatic surge of over 50% on Wednesday, following reports that Italian confectionery giant Ferrero is nearing a roughly $3 billion deal to acquire the company. The Wall Street Journal, citing sources familiar with the matter, reported that Ferrero, renowned for its hazelnut chocolates, could finalize the acquisition of the legacy breakfast foods business as early as this week….