05:38 AM EDT, 07/10/2025 (MT Newswires) -- WK Kellogg (KLG) is close to being acquired by Ferrero International for approximately $3 billion, Bloomberg News reported Thursday, citing people with knowledge of the matter.

The companies are in advanced discussions, with a potential deal announcement likely this week, the unnamed sources to the news outlet.

WK Kellogg and Ferrero didn't immediately respond to MT Newswires' requests for comment.

WK Kellogg shares were up nearly 49% in recent premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)