Reported 1 day ago
Ferrero has announced a $3.1 billion acquisition of WK Kellogg, bringing popular brands like Nutella and Froot Loops together. The deal, valued at $23 per share, is expected to close in the second half of 2025. This move comes amid challenges for Kellogg, which has seen a decline in sales and earnings. It also highlights a trend of significant mergers in the food and beverage industry.
Source: YAHOO