Confirmation: Ferrero takes over WK Kellogg: Ferrero's takeover of WK Kellogg is official: The confectionery giant will take over the US cereal manufacturer ...
lebensmittelzeitung.net/industrie/nachrichten/bestaetigung-ferrero-uebernimmt-wk-kellogg-185368
Paid articlePaywallKey FactsFerrero Acquires WK Kellogg in $3.1 Billion Deal
9h · Reading time: ~30 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- Ferrero agreed to purchase WK Kellogg for approximately $3.1 billion amid weakening cereal demand.
- Shareholders will receive $23 per share, a 31% premium over the previous closing price.
- The acquisition includes well-known brands such as Nutella and Froot Loops and is expected to finalize in the second half of 2025.
- WK Kellogg projects second-quarter sales below analyst expectations due to persistent inflation and cautious consumer spending.
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