WK Kellogg agrees to $3.1 billion buyout deal by Italy's Ferrero-February 2024-www.financetom.com

WK Kellogg agrees to $3.1 billion buyout deal by Italy's Ferrero

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WK Kellogg agrees to $3.1 billion buyout deal by Italy's Ferrero

Jul 10, 2025 6:22 AM

July 10 (Reuters) - WK Kellogg on Thursday

agreed to be bought by the owner of Ferrero Rocher in a deal

worth around $3.1 billion, as the cereal maker has been

struggling with weakening consumer demand due to persistently

high inflation.

(Reporting by Savyata Mishra in Bengaluru; Editing by Shinjini

Ganguli)

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