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Ferrero, Kellogg

Ferrero to buy WK Kellogg in $3.1 billion deal

"Joining Ferrero will provide WK Kellogg Co. with greater resources and more flexibility to grow our iconic brands in this competitive and dynamic market," CEO Gary Pilnick said in a statement.

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Ferrero to Buy WK Kellogg in Candy-Meets-Cereal Deal

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Candy Giant Ferrero Targets WK Kellogg In $3.1 Billion U.S. Expansion

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Breakfast cereal sales declined for decades before Kellogg’s sale to Italian company

Ferrero Group plans to purchase the American company that makes Kellogg’s Corn Flakes, Froot Loops, Rice Krispies and other familiar brands.

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Stocks to Watch Recap: Delta, Kellogg, Nvidia, TSMC

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Nutella And Corn Flakes For Breakfast: The WK Kellogg-Ferrero Deal Explained

WK Kellogg, based in Battle Creek, agrees to sale to Ferrero Rocher in $3.1B deal

WK Kellogg, the Battle Creek-based maker of cereals, agreed to the sale as the company has struggled with weakening consumer demand due to inflation.

2don MSN

WK Kellogg agrees to $3.1 billion buyout deal by Italy's Ferrero

WK Kellogg on Thursday agreed to be bought by the owner of Ferrero Rocher in a deal worth around $3.1 billion, as the cereal maker has been struggling with weakening consumer demand due to persistently high inflation.

2don MSN

Why Kellogg Stock Skyrocketed as Much as 33% on Thursday

Shares of WK Kellogg (NYSE: KLG) charged sharply higher Thursday, surging as much as 33.7%. As of 10:40 a.m. ET, the stock was still up 33.6%. The catalyst that sent the iconic cereal maker soaring was news that the company would be taken private.