WK Kellogg up on $3 billion buyout deal from Italy's Ferrero
10/07/2025 14:08
Updates ** Shares of WK Kellogg KLG.N up 30% at $22.72 in premarket trading ** Ferrero to take WK Kellogg private in a $3.1 billion deal ** Ferrero offers $23 per KLG share, representing a 31% premium on WK Kellogg's stock price as of Wednesday's close ** Deal expected to close in the second half of 2025 ** Shares down ~2.7% YTD (Reporting by Juveria Tabassum and Rashika Singh in Bengaluru) ((Juveria.Tabassum@thomsonreuters.com))
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