News

U.S. Corn Flakes Creator Kellogg Bought By Italian Candy Maker Ferrero For $3.1 Billion
The Italian food giant Ferrero is expanding its North American portfolio by acquiring WK Kellogg, known for iconic brands ...
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Kellogg sold to Italian candy company: How leaders are responding in the ‘Cereal City’
WK Kellogg Co’s headquarters is in Battle Creek. After the transaction closes, Battle Creek will remain a core location for ...
It’s official: The company behind Nutella is buying the maker of Froot Loops
The creator of a number of breakfast-table staples is getting a new owner as Ferrero Group and WK Kellogg Co. have announced ...
Breakfast cereal sales declined for decades before Kellogg's sale to Italian company
U.S. sales of the colorfully packaged morning staple have been in a decades-long decline, a trend back in the spotlight with ...
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Kellogg’s reportedly set to sell 119-year-old cereal company in $3B deal
Kellogg, the maker of such brands as Frosted Flakes, Froot Loops, Rice Krispies and Raisin Bran, began business in 1906 as ...
ASX slips as bank shares fall; Nutella buys Corn Flakes
The Australian sharemarket dipped on Friday morning, as increases in mining shares were offset by falls among the banks and ...
Nutella owner to buy U.S. cereal giant for over $3 billion
The Ferrero Group said Thursday it will pay $23 for each Kellogg share, or approximately $3.1 billion. The transaction ...
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Nutella with your Corn Flakes? This cereal giant's stock rallies on a ...
By Claudia Assis and Steve Gelsi . The deal values cereal maker WK Kellogg at $23 a share, a 30% premium to its closing price on Wednesday. WK Kellogg Co., the maker of Corn Flakes, Froot Loops ...
Kellogg shares soar on reports of Ferrero takeover talks
WK Kellogg shares rose by more than 50% in after-hours trading in New York after the reports. WK Kellogg and Ferrero did not ...