Ferrero, Kellogg and corn flakes
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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 said in a news release. RELATED: Kellogg’s reportedly set to sell 119-year-old cereal company in $3B deal
Shares of the Battle Creek, Michigan-based company hit $26.75, their highest level since the firm - which makes the popular Fruit Loops and Frosted Flakes - was spun off from Kellogg Company in 2023.
"The guy at the liquor store looked really quickly at my license. I said, 'That was fast.' He said it starts with 19..."
WK Kellogg is the second-largest cereal manufacturer in North America. Its cereal brands include Special K, Frosted Flakes, Raisin Bran, Froot Loops, Frosted Mini-Wheats, Kashi, Corn Flakes, Rice Krispies, Apple Jacks, and Bear Naked. The company was spun ...
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