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Nutella-maker Ferrero to gobble up cereal giant Kellogg for $3.1 billion
The Italian candy company Ferrero plans to buy the American cereal maker Kellogg for $3.1 billion, the companies announced Thursday. The deal would unite the makers of household brands including Nutella and Frosted Flakes. American cereal giant Kellogg and Italian candy giant Ferrero have struck a sweet deal worth $3.1 billion.
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 ...
WK Kellogg has a market cap of $1.5 billion, and around $570 million in debt. Shares of WK Kellogg skyrocketed more than 40% in the extended session Wednesday, after ending the regular trading day ...
Shares of WK Kellogg, the cereal maker behind Fruit Loops and Frosted Flakes, skyrocketed 50% after the Wall Street Journal reported Wednesday that Ferrero was nearing acquiring the company for $3 ...
CNBC’s “Squawk Box Europe” anchors discuss Nutella-maker Ferrero's reported takeover bid for cereal maker WK Kellogg.
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