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Kellogg Shares Surge on WSJ Report of Ferrero $3 Billion Takeover Bid
Shares of WK Kellogg soared following a report by The Wall Street Journal that Italian candy maker Ferrero is nearing a $3 billion deal to buy the cereal conglomerate. WK Kellogg stock was up 52%, at $26.53, after hours. Shares closed the market down slightly year-to-date.
The $3.1 billion acquisition would combine Ferrero, which makes Tic Tacs and Nutella, with the producer of Frosted Flakes and ...
Ferrero, the Italian candy maker, has agreed to acquire WK Kellogg, the giant of American, in a deal valued at $3.1 billion, the companies announced on July 10.. The New York Times reports that the ...
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