Ferrero in $3 Billion Deal to Acquire Kellogg's Cereal Business
TL;DR
Michigan's WK Kellogg Co., known for cereals like Frosted Flakes and Froot Loops, is nearing a $3 billion acquisition by Italian candy maker Ferrero, which could be finalized soon, potentially impacting local jobs and Michigan's corporate heritage.
- Michigan's WK Kellogg cereal maker set to be bought by Italian candymaker Ferrero The Detroit News
- Exclusive | Ferrero Nears Roughly $3 Billion Deal for Maker of Froot Loops, Frosted Flakes WSJ
- Kellogg shares soar on reports of Ferrero takeover talks BBC
- Italian group Ferrero in talks to buy US cereal maker Kellogg’s Financial Times
- Nutella with your Corn Flakes? This cereal giant’s stock rallies on word of a $3 billion deal. MarketWatch
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