Parsippany-Based Ferrero to Acquire WK Kellogg in 3.1 Billion Deal
Ferrero Group plans to acquire WK Kellogg in a $3.1 billion deal, paying $23 per share, a 40% premium. The transaction, expected to close in the second half of 2025, includes popular cereal brands like Frosted Flakes and Special K. WK Kellogg will remain based in Michigan as a wholly owned subsidiary.