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Century-old American cereal giant Kellogg is turning Italian, selling to Ferrero for $3.1 billion
fortune.com/2025/07/10/kellogg-ferrero-acquisition-3-1-billion-cereal-sweets-candy
Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old U.S. cereal company WK Kellogg in an effort to expand its North American sales.
The Ferrero Group said Thursday it will pay $23 for each Kellogg share, or approximately $3.1 billion. The…
This story appeared on fortune.com, 2025-07-10 17:50:10.