Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Kellogg’s special k cereal boxes are displayed on the shelves in a heb grocery store on May 6, 2025 in Texas.
Brandon Bell | Getty pictures
Chocolate Maker ferrero agreed to buy a grain giant Wk kellogg Companies were declared on Thursday in a $ 3.1 billion deal-valued bargain.
The shares of WK Kellogg have increased by 30% in premarket trade over the announcement. The shares fell by 2% this year, except for the stock movement on Thursday, dragging the company’s market value to about $ 1.5 billion. The $ 23 purchase price in Sharing represents the 31% award from the Foundation’s closing price on Wednesday.
The transaction is expected to be closed in the last part of the year, waiting for the approval of shareholders and regulators in the year.
WK Kellogg, who made childhood staples like Dout Loops and Frost Lopa, erase Kellogg, focusing on the growing snackwork and wanted to leave the sleepy cereal category. Kellogg changed itself KellanovaNow the houses Pringsles and Cheez-like snack brands like this. M & M owner Mars He agreed to buy Kellanova By an agreement not yet attached to $ 36 billion last year.
WK Kellogg’s Ferrero receiving consolidation in packaged foods. Many American consumers were considered in favor of breakfast options, and other buyers were transferred to special label brands in recent years.
The action deepens Ferrero’s ambitions in the US market. The Italian family company owned by North American purchasing company, Nestle’s US Candy Business and Halo ball owner Wells Enterprises, others
The largest largest US largest candy company in May Announced a new slate Peanut Tic Tacs from Peanut Nutella and DO from American consumers.
“In recent years, FERRERO has expanded its existence in North America and brought together world-famous brands in the United States,” said FERRERO GROUP Executive Chairman Giovanni Ferrero said. “Today’s news is the main stage in that broadcast, trust in the opportunities ahead.”
WK Kellogg is expected to report quarterly the results on August 5, but the company will not hold a conference called the waiting transaction. He announced on Thursday, the company is profitable for $ 615 million in the company’s $ 610 million net sales and interest, taxes, depreciation and depreciation between $ 48 million.
