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U.S. Corn Flakes Creator Kellogg Bought By Italian Candy Maker Ferrero For $3.1 Billion
The Italian food giant Ferrero is expanding its North American portfolio by acquiring WK Kellogg, known for iconic brands like Froot Loops, Rice Krispies and Corn Flakes. Ferrero, known for brands like Nutella and Kinder, announced it will buy WK Kellogg’s for $23 a share, representing a total enterprise value of $3.1 billion.
The Italian maker of Ferrero Rocher and Nutella has set its sights on WK Kellogg as the U.S. cereal maker struggles to get ...
Daily Record on MSN1h
This $3.1B deal is another sign that Morris County is food hub for corporate AmericaItalian food giant the Ferrero Group, with its North American headquarters in Parsippany, will buy WK Kellogg and its "iconic ...
mlive on MSN2d
Kellogg sold to Italian candy company: How leaders are responding in the ‘Cereal City’WK Kellogg Co’s headquarters is in Battle Creek. After the transaction closes, Battle Creek will remain a core location for ...
The creator of a number of breakfast-table staples is getting a new owner as Ferrero Group and WK Kellogg Co. have announced ...
U.S. sales of the colorfully packaged morning staple have been in a decades-long decline, a trend back in the spotlight with news Italian confectioner Ferrero Group plans to purchase WK Kellogg, maker ...
Onlymyhealth on MSN3d
Is it Healthy to Eat Cornflakes for Breakfast Daily?Do you like eating corn flakes for breakfast? Cornflakes are a breakfast staple as a quick and convenient option. But is it ...
Kellogg, the maker of such brands as Frosted Flakes, Froot Loops, Rice Krispies and Raisin Bran, began business in 1906 as ...
By Claudia Assis and Steve Gelsi . The deal values cereal maker WK Kellogg at $23 a share, a 30% premium to its closing price on Wednesday. WK Kellogg Co., the maker of Corn Flakes, Froot Loops ...
The Australian sharemarket dipped on Friday morning, as increases in mining shares were offset by falls among the banks and ...
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