DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News Business

Nutella maker Ferrero plans to buy century-old cereal maker WK Kellogg for $3.1 billion

July 10, 2025
in Business, News
Nutella maker Ferrero plans to buy century-old cereal maker WK Kellogg for $3.1 billion
494
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old U.S. cereal company WK Kellogg in a deal valued at approximately $3.1 billion.

The Ferrero Group said Thursday it will pay $23 for each Kellogg share. The transaction includes the manufacturing, marketing and distribution of WK Kellogg Co.’s portfolio of breakfast cereals across the United States, Canada and the Caribbean.

WK Kellogg’s shares were up 30% in premarket trading Thursday.

Kellogg, which was founded in Battle Creek, Michigan, in 1906, makes Fruit Loops, Special K, Frosted Flakes and Rice Krispies.

The current company was formed in 2023, when Kellogg’s snack brands like Cheez-Its and Pringles were called Kellanova. M&M’s maker Mars Inc. that it planned to buy Kellanova in a deal worth nearly $30 billion.

Ferrero Group, which was founded in Italy in 1946, has been trying to expand its U.S. footprint. In 2018 it , including Butterfinger, Nerds and SweeTarts. And in 2022 it , the maker of ice cream brands like Blue Bunny and Halo Top.

The deal, which still needs approval from Kellogg shareholders, is expected to close in the second half of the year. Once the transaction is complete, Kellogg’s stock will no longer trade on the New York Stock Exchange and the company will become a Ferrero subsidiary.

The post Nutella maker Ferrero plans to buy century-old cereal maker WK Kellogg for $3.1 billion appeared first on Associated Press.

Share198Tweet124Share
Sumud, the largest flotilla to sail for Gaza, prepares to set out
News

Sumud, the largest flotilla to sail for Gaza, prepares to set out

by Al Jazeera
August 31, 2025

Barcelona, Spain – Volunteers from across the world have come together in the main hall of one of Spain’s oldest ...

Read more
News

How to Watch Brighton & Hove Albion vs Manchester City: Live Stream Premier League, Start Time, TV Channel

August 31, 2025
News

Red Sox Rumors: Boston Extending Elite Closer for Next Season, Beyond

August 31, 2025
News

Newsom Trolls Trump Over Bruised Hands and Golfing Skills

August 31, 2025
News

Pope Leo denounces “pandemic of arms” after Minnesota school shooting

August 31, 2025
Carlos Sainz Delivers Shocking Statement Regarding Williams F1 Car

Carlos Sainz Delivers Shocking Statement Regarding Williams F1 Car

August 31, 2025
What We Lose by Distorting the Mission of the National Guard

What We Lose by Distorting the Mission of the National Guard

August 31, 2025
Jude Law Says He Didn’t Feel Anxiety Portraying Vladimir Putin In ‘The Wizard Of The Kremlin’: “I Hope Not Naively, I Didn’t Fear Repercussions” — Venice

Jude Law Says He Didn’t Feel Anxiety Portraying Vladimir Putin In ‘The Wizard Of The Kremlin’: “I Hope Not Naively, I Didn’t Fear Repercussions” — Venice

August 31, 2025

Copyright © 2025.

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2025.