Nutella maker Ferrero plans to buy WK Kellogg for $3 billion
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The Ferrero Group has agreed to acquire WK Kellogg Co for $23 per share in cash, for a total enterprise value of $3.1 billion, WK Kellogg said in a news release. RELATED: Kellogg’s reportedly set to sell 119-year-old cereal company in $3B deal
WK Kellogg has a market cap of $1.5 billion, and around $570 million in debt. Shares of WK Kellogg skyrocketed more than 40% in the extended session Wednesday, after ending the regular trading day ...