Ferrero is set to acquire WK Kellogg Co for $3.1 billion, bringing Froot Loops and other cereals under its umbrella. This strategic move aims to expand Ferrero's North American presence and delight consumers with beloved brands.
In a groundbreaking move, WK Kellogg Co. is on the verge of being acquired by Italian candymaker Ferrero for nearly $3 billion. This deal could reshape the cereal landscape and impact jobs in Michigan, raising concerns over local investment.