Italian Confectionery Giant Ferrero to Acquire WK Kellogg in Landmark $3.1B Deal

In a significant move to bolster its global presence, Ferrero International SpA has announced its acquisition of WK Kellogg Co for $23 per share, culminating in a total enterprise value of $3.1 billion. This strategic acquisition is set to finalize in the latter half of 2025, marking the end of Kellogg's tenure on the New York Stock Exchange as it transitions into a wholly owned subsidiary of Ferrero.

Ferrero's CEO, Lapo Civiletti, expressed enthusiasm about the acquisition, stating, "WK Kellogg Co., with its revered brands, is a perfect complement to the Ferrero Group. This acquisition not only diversifies our portfolio but also strengthens our commitment to delivering unparalleled value to consumers in North America."