Nutella maker Ferrero plans to buy WK Kellogg for $3 billion
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Shares of WK Kellogg ( KLG) surged 30% Thursday as the maker of Froot Loops and Frosted Flakes announced it had reached a deal to be acquired by Italian sweets company The Ferrero Group for $23 per share in cash, or about $3.1 billion.
The Ferrero Group has agreed to acquire WK Kellogg Co. for $23.00 per share in cash, representing a total enterprise value of $3.1 billion.
Owner of Blue Bunny, Bomb Pop and Halo Top will acquire WK Kellogg Co. for $23 per share in cash, representing a total enterprise value of $3.1 billion.