WK Kellogg up on $3 billion buyout deal from Italy's Ferrero

ReutersJul 10, 2025 1:08 PM

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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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