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Ferrero Group to acquire WK Kellogg for $3.1 billion

( July 10, 2025, 13:41 GMT | Official Statement) -- MLex Summary: The Luxembourg-based Ferrero Group has agreed to acquire Battle Creek, Michigan-based WK Kellogg Co for an enterprise value of $3.1 billion. The acquisition includes the manufacturing, marketing and distribution of WK Kellogg Co’s portfolio of breakfast cereals across the United States, Canada and the Caribbean. Kellogg is traded on the New York Stock Exchange. Ferrero is a family-owned, privately-held company. The deal is expected to close in the second half of 2025.Statement follows below:...

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