For example,
Ferrero buys wk kellogg $ new: Therefore,
Ferrero buys wk kellogg $:
Agrifood sector –
Ferrero buys WK Kellogg for $ 3.1 billion – Ferrero buys wk kellogg $ – Ferrero buys wk kellogg $ new
Ferrero buys WK Kellogg and its emblematic cereals for 3.1 billion. However, A new consolidation in the food industry that occurs while Mars tries to acquire Kellanova. Consequently, the other half of the former Kellogg Empire.
Posted today at 5:07 p.m.
Damien Meyer/AFP
The Italian agrifood giant Ferrero (Kinder, Nutella, etc.) will buy the American group WK Kellogg, cereal specialist for breakfast (Corn Flakes, Froot Loops, Rice Krispies, All-Bran, etc.) for 3.1 billion dollars (debt included), they announced Thursday in a joint statement.
They signed a final agreement providing for the payment of $ 23 per share of WK Kellogg. However. This ferrero buys wk kellogg $ represents a premium of 31% compared to the closing course of the American group Wednesday in Wall Street.
The operation, fully funded in cash, was approved by the boards of directors of the two companies. It ferrero buys wk kellogg $ new should be finalized in the second half, after approval in particular WK Kellogg shareholders and regulatory authorities. The American group would then become a full -fledged subsidiary of Ferrero, according to the press release. Shareholders representing 21.7% of the capital of WK Kellogg have already committed to voting in favor of the acquisition. according to this press release.
Revealed acquisition
Le «Wall Street Journal» had deflowered the announcement. late Wednesday afternoon saying that Ferrero was “close to the finalization of a transaction of around 3 billion dollars”. to buy WK Kellogg.
“Ferrero’s objective ferrero buys wk kellogg $ is to grow in the United States through acquisitions. after having already bought American confectionery activities [du groupe suisse] Nestlé ”for $ 2.8 billion in 2018, noted the newspaper.
The action ferrero buys wk kellogg $ new of WK Kellogg had flown by almost 50% in electronic exchanges. after the New York Stock Exchange closed on Wednesday.
Divison de WK Kellogg
In June 2021. the breakfast giant Kellogg had revealed its intention to divide into three distinct. independent companies, but it had opted, in the end, for only two: WK Kellogg (cereals) and Kellanova (Snacks), which were born in October 2023.
Kellanova-Chips Pringles, Kellogg’s brand snacks (Egggo, Nutrigain, Rice Krispies Treats …), Cheez-Ite, Carr’s-is currently the subject of a buy-back attempt by his compatriot Mars for 36 billion dollars, announced in August 2024.
The latter counted on a finalization of the acquisition in the first half of 2025. but the European Commission. fearing price increases for consumers in a context of ferrero buys wk kellogg $ new high food inflation, opened an investigation on June 25.
The Mars group (Twix. Snickers, M & M’s but also Whiskas and Royal Canin animals) aims to diversify in savory snacks.
“Latest news”
Do you want to stay at the top of the info? “24 hours” offers you two meetings a day. not to miss anything of what is happening in your canton, in Switzerland or in the world.
Other newsletters
AFP
Did you find an error? Please report it to us.
Further reading: The 20 minutes and morning staff. – how the invoice for the home tax credit has flown away – The Italian giant Ferrero will buy WK Kellogg for $ 3.1 billion – SFR formalizes ferrero buys wk kellogg $ new the SFR Box 10+, its new Internet box in Wi-Fi 7 Tri-Bande: Here is its complete characteristics – Easyjet: bonuses to track down too big baggage.
Further reading: Grocery basket | Bacon GMOs, are you tempted? – Postfinance cut less positions than expected – Survey: the federalness spends too much to the taste of Quebecers – Why the announcement of the 10 + WiFi 7 box will hurt Orange (but also to Bouygues Telecom and Free) – Faced with uncertainties, investors bet on Corporate America.