WK Kellogg agrees to $3.1 billion buyout deal by Italy's Ferrero
Published by Global Banking & Finance Review®
Posted on July 10, 2025
1 min readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on July 10, 2025
1 min readLast updated: January 23, 2026
WK Kellogg has agreed to a $3.1 billion buyout by Ferrero, as the cereal maker faces challenges from high inflation and weakening demand.
(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)
WK Kellogg is being acquired by Ferrero, the owner of Ferrero Rocher.
The buyout deal is valued at approximately $3.1 billion.
WK Kellogg has been struggling with weakening consumer demand, prompting the buyout.
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