Kellog’s has been acquired in major deal
Ferrero International has agreed to acquire WK Kellogg Co. for an enterprise value of $3.1bn, (€2.6bn) pushing the Italian family-owned candy business further into the lucrative US market.
Ferrero will pay $23 per Kellogg share in cash, according to a statement yesterday, representing a premium of about 31pc from Kellogg’s closing price on Wednesday.
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