WK Kellogg surges on report of a sweet deal with Ferrero

WK Kellogg Co

10/07/2025 09:20

** Shares of WK Kellogg's KLG.N rise 53.1% to $26.89 in premarket trading

** Ferrero is nearing a $3 billion deal to acquire cereal maker WK Kellogg, a source told Reuters

** Ferrero could finalize the deal as soon as this week, according to a report by the Wall Street Journal on Wednesday

**Avg recommendation by nine brokerages covering the stock is "Hold"; median PT is $17 - data compiled by LSEG

** Shares down ~2.7% YTD

 (Reporting by Rashika Singh in Bengaluru)

 ((Rashika.Singh@thomsonreuters.com;))