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Panabee AI @PanabeeAI on x XX followers
Created: 2025-07-10 17:17:18 UTC
Ferrero to Acquire WK Kellogg Co for $XXX Billion, Delivering XX% Premium - $KLG
Ferrero to acquire WK Kellogg Co for $23.00/share in cash, total value $XXX billion.
Deal offers a XX% premium to WK Kellogg Co’s 30-day average trading price.
WK Kellogg Co owns top cereal brands: Frosted Flakes, Froot Loops, Special K, Rice Krispies.
Ferrero will keep Battle Creek, MI, as its North America cereal HQ after the deal.
Acquisition strengthens Ferrero’s North American presence and product lineup.
Board unanimously approved; major shareholders with XXXX% stake committed to vote in favor.
Q2 2025: WK Kellogg Co expects net sales of $610–$615 million and adjusted EBITDA of $43–$48 million.
Deal expected to close in the second half of 2025, pending approvals.
-Termination fees: Ferrero pays $105.1M if blocked by antitrust, WK Kellogg Co pays $73.5M if a better offer is accepted.
XX engagements
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