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Nutella Maker Ferrero Taking Cereal Company Kellogg Private

Nutella’s parent company Ferrero is buying cereal maker WK Kellogg for $3.1 billion

WK Kellogg is Ferrero’s most substantial acquisition so far, with a market cap of roughly $1.5 billion and a portfolio of household-name cereals including Raisin Bran, Corn Flakes and Apple Jacks. Ferrero also bought Nestlé’s US business and Blue Bunny ice cream in recent years.

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Ferrero to Buy WK Kellogg in Candy-Meets-Cereal Deal

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Nutella-maker Ferrero to gobble up cereal giant Kellogg for $3.1 billion

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Italy’s Ferrero agrees to buy Kellogg in $3.1-billion deal

Ferrero International SA agreed to acquire WK Kellogg Co. for an enterprise value of $3.1 billion, pushing the Italian family-owned candy business further into the lucrative US market.

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Ferrero to take over US breakfast cereal giant Kellogg

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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 news that Italian confectioner Ferrero Group plans to purchase the American...

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Froot Loops maker WK Kellogg agrees to $3.1 billion deal from Italy's Ferrero

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Stocks to Watch Recap: Delta, Kellogg, Nvidia, TSMC

CNN1d

Nutella’s parent company Ferrero is buying cereal maker WK Kellogg ...

Nutella maker Ferrero Group is buying cereal giant WK Kellogg Co in a $3.1 billion deal. Shares of WK Kellogg jumped more than 30% in early trading.Ferrero said that it “plans to invest in and ...

Nutella with your Corn Flakes? This cereal giant’s stock rallies on a $3 billion deal.

The Italian maker of Ferrero Rocher and Nutella has set its sights on WK Kellogg as the U.S. cereal maker struggles to get traction.