WK Kellogg shares jump 40% on Ferrero deal report

by Stacks Grow

Boxes of various Kellogg’s cereals are displayed on shelves at a Walmart Supercenter on May 6, 2025 in Austin, Texas.

Brandon Bell | Getty Images

Shares of WK Kellogg soared more than 50% on Wednesday following a report that chocolate maker Ferrero is close to a roughly $3 billion deal to buy the cereal company.

The Italian company known for its circular hazelnut chocolates could finalize a deal for the legacy breakfast foods business as soon as this week, the Wall Street Journal reported, citing people familiar with the matter.

This is breaking news. Please refresh for updates.

Original author

Related Posts

Leave a Comment

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?