Ferrero to Acquire WK Kellogg in $3.1 Billion Deal, Bolstering North American Presence
Ferrero to Acquire WK Kellogg in $3.1 Billion Deal, Bolstering North American Presence Italian confectionery powerhouse Ferrero Group, globally recognized for brands like Nutella and Kinder, is set to acquire WK Kellogg Co. for approximately $3.1 billion. This significant transaction, valued at $23 per share, marks a strategic expansion for Ferrero into the North American breakfast cereal market, aiming to broaden its product portfolio beyond snacks and sweets. The acquisition includes WK Kellogg Co.’s entire breakfast cereal business, encompassing iconic…