Ferrero has agreed to buy Kellogg CO in a $ 3.1 billion deal, companies announced Thursday.
July 10 Italy’s Ferrero will acquire U.S. cereal maker WK Kellogg in a $ 3.1 billion deal, the companies announced Thursday.
The agreement includes manufacturing, marketing and distribution of WK Kellogg’s portfolio of breakfast cereals across the United States, Canada and the Caribbean.
Pending approval from shareholders, $23 per share cash deal is expected to close in the latter half of the year.
