Ferrero Nears $3 Billion Acquisition of WK Kellogg Amidst Cereal Market Shake-Up
Ferrero Nears $3 Billion Acquisition of WK Kellogg Amidst Cereal Market Shake-Up WK Kellogg’s shares have surged by over 56% in extended trading following reports that Italian confectionery giant Ferrero is on the verge of acquiring the North American breakfast cereal maker for approximately $3 billion. This potential deal, which could be announced as early as this week, would significantly expand Ferrero’s footprint in the US market, potentially doubling WK Kellogg’s stock market value from its recent $1.5 billion. Ferrero,…