WK Kellogg agrees to $3.1 billion buyout deal by Italy's Ferrero-March 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 6:23 AM

(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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