Reported about 9 hours ago
WK Kellogg Co (NYSE:KLG) saw its stock price soar by 30.63% to $22.86 following the announcement of its acquisition by The Ferrero Group for $3.1 billion. The all-cash deal, which values the shares at $23 each, is part of Ferrero's strategic growth plan and aims to enhance the Kellogg brand in various markets. WK Kellogg's CEO emphasized that this acquisition will provide greater resources for further growth in a competitive landscape.
Source: YAHOO