Filenews 10 July 2025
Ferrero International S.A. is close to acquiring cereal maker Kellogg for about $3 billion, according to the Wall Street Journal.
The deal could be finalized this week, according to the newspaper, citing unnamed sources.
Kellogg's shares surged up to 53% in trading after the stock market closed. The stock had fallen 2.7% so far this year.
Ferrero is an Italian group that owns, among others, the iconic Ferrero Rocher, Kinder and Tic Tac.
