Reported about 12 hours ago
Cerberus Capital Management and billionaire Dean Metropoulos made an unsuccessful bid for cereal maker WK Kellogg, losing out to Ferrero Group's winning offer of approximately $3.1 billion. Despite the setback, their bid was seen as a serious competitor in the food sector, highlighting their ongoing interest in the industry. Cerberus, a major shareholder in Albertsons, and Metropoulos, known for his investments in consumer brands, signal a resurgence in dealmaking within the food space.
Source: YAHOO