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Kellogg’s Stock Jumps On M&A Talk—Too Late To Buy?
WK Kellogg Co. jumped nearly 30% on July 10 following the announcement from Italian food leader Ferrero regarding a $3.1 billion acquisition, inclusive of debt.
Italy's Ferrero to buy Kellogg for $3.1 billion, but regional HQ to stay in Battle Creek
The transaction marks the end of Battle Creek's run as a quintessential company town in Michigan, where the name "Kellogg" graces almost everything.
mlive on MSN1d
Nutella maker to buy Kellogg for $3.1B, hints at future in Battle Creek
The Kellogg cereal business, an iconic Michigan brand, is being sold to Ferrero, an Italian chocolate and sweets company.
NBC News1d
Italian chocolate giant Ferrero to buy Kellogg's Froot Loops maker
WK Kellogg, the maker of iconic American cereal brands, will be folded into the privately held owner of Nutella and Tic Tac in a $3.1 billion deal.
Breakfast cereal sales declined for decades before Kellogg's sale to Italian company
U.S. sales of the colorfully packaged morning staple have been in a decades-long decline, a trend back in the spotlight with news that Italian confectioner Ferrero Group plans to purchase WK Kellogg, maker of Corn Flakes, Froot Loops, Rice Krispies and other familiar brands.
Why WK Kellogg Shares Skyrocketed This Week
Kellogg shares rocketed higher after the company announced it was being acquired for $23. Shares of cereal maker WK Kellogg (NYSE: KLG) rose 34% this week as of noon E.T. Thursday, according to data provided by S&P Global Market Intelligence.
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