WK Kellogg Skyrockets 40% on Potential $3 Billion Ferrero Deal

Shares of WK Kellogg surged over 50% after reports of a potential $3 billion deal with Ferrero. The Italian chocolate maker may finalize the acquisition this week. WK Kellogg, known for brands like Froot Loops and Frosted Flakes, became a standalone company in 2023. The move would deepen Ferrero’s presence in the U.S. market.

Read more at CNBC: WK Kellogg shares jump 40% on Ferrero deal report