Ferrero buys WK Kellogg Co for US$3.1bn to diversify beyond sweets and expand its control over breakfast manufacturing and distribution in North America ...

The Ferrero Group, the parent company of Wells Enterprises in Le Mars, IA, is buying cereal maker WK Kellogg Co.  It will pay $23 for each Kellogg share, coming to around $3.1 billion. Kellogg’s was ...