Ferrero to acquire Kellogg for $3.1 billion in major cereal industry deal
TL;DR Summary
Ferrero, the Italian confectionery company known for Nutella, plans to acquire the U.S. cereal maker WK Kellogg for $3.1 billion, including brands like Froot Loops and Rice Krispies, making Kellogg a subsidiary of Ferrero once the deal is approved.
- Nutella maker Ferrero taking cereal company Kellogg private in a deal valued at about $3.1 billion Yahoo Finance
- Ferrero to buy cereal maker WK Kellogg for $3.1 billion; Kellogg shares jump 30% CNBC
- Kellogg to be acquired by Nutella maker for $3.1 billion Axios
- Italian group Ferrero in talks to buy US cereal maker Kellogg’s Financial Times
- Ferrero Strikes Roughly $3 Billion Deal for Maker of Froot Loops, Frosted Flakes WSJ
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