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News

Nutella maker Ferrero plans to buy WK Kellogg for $3 billion

Associated Press News on MSN · 14h
Snap, crackle, sale: Nutella maker Ferrero plans to buy WK Kellogg for $3 billion
Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying U.S. cereal company WK Kellogg in a deal valued at approximately $3.1 billion.
CNN on MSN · 19h
Nutella’s parent company Ferrero is buying cereal maker WK Kellogg for $3.1 billion
WK Kellogg is Ferrero’s most substantial acquisition so far, with a market cap of roughly $1.5 billion and a portfolio of household-name cereals including Raisin Bran, Corn Flakes and Apple Jacks. Ferrero also bought Nestlé’s US business and Blue Bunny ice cream in recent years.
The New York Times · 14h
Ferrero to Buy WK Kellogg in Candy-Meets-Cereal Deal
The $3.1 billion acquisition would combine Ferrero, which makes Tic Tacs and Nutella, with the producer of Frosted Flakes and Froot Loops.
mlive on MSN16h
Nutella maker to buy Kellogg for $3.1B, hints at future in Battle Creek
The Ferrero Group has agreed to acquire WK Kellogg Co for $23 per share in cash, for a total enterprise value of $3.1 billion ...
18h
U.S. Corn Flakes Creator Kellogg Bought By Italian Candy Maker Ferrero For $3.1 Billion
The Italian food giant Ferrero is expanding its North American portfolio by acquiring WK Kellogg, known for iconic brands ...

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