Nutella spread maker Ferrero, armed with experience in health-regulated European markets and a track record of revamping struggling brands like Keebler cookies, has a good chance of reviving WK Kellogg's legacy cereal brands with its $3.1 billion take-private deal announced last week.
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of WK Kellogg Co (NYSE: KLG) to The Ferrero Group. Under the terms of the proposed transaction, shareholders of WK will receive $23.00 in cash for each share of WK that they own. KSF is seeking to determin...
Private equity firm Cerberus Capital Management, which owns a stake in grocer Albertsons , and billionaire investor Dean Metropoulos teamed up in an unsuccessful bid for cereal maker WK Kellogg , according to three sources familiar with the matter.
WK Kellogg Co. (NYSE: KLG) jumped nearly 30% on July 10 following the announcement from Italian food leader Ferrero regarding a $3.1 billion acquisition, inclusive of debt. This all-cash transaction values WK Kellogg at $23 per share, representing an almost 40% premium over the 30-day volume-weighted average trading price, and is anticipated to finalize in the second half of 2025, subject to re...
MONSEY, N.Y., July 10, 2025 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of WK Kellogg Co. (NYSE: KLG) (“Kellogg”) to Ferrero Group for $23.00 per share in cash.
Shares of cereal maker WK Kellogg (KLG 30.66%) rose 34% this week as of noon E.T. Thursday, according to data provided by S&P Global Market Intelligence.
Shares of WK Kellogg (KLG 30.66%) charged sharply higher Thursday, surging as much as 33.7%. As of 10:40 a.m.
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