WK Kellogg agrees to $3.1 billion buyout deal by Italy's Ferrero
10/07/2025 13:54
July 10 (Reuters) - WK Kellogg KLG.N on Thursday agreed to be bought by the owner of Ferrero Rocher in a deal worth around $3.1 billion, as the cereal maker has been struggling with weakening consumer demand due to persistently high inflation. (Reporting by Savyata Mishra in Bengaluru; Editing by Shinjini Ganguli) ((Savyata.Mishra@thomsonreuters.com;))
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