WK Kellogg up on $3 billion buyout deal from Italy's Ferrero
ReutersJul 10, 2025 1:08 PM
Shares of WK Kellogg KLG.N up 30% at $22.72 in premarket trading
Ferrero to take WK Kellogg private in a $3.1 billion deal
Ferrero offers $23 per KLG share, representing a 31% premium on WK Kellogg's stock price as of Wednesday's close
Deal expected to close in the second half of 2025
Shares down ~2.7% YTD
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