Shares of Frosted Flakes maker WK Kellogg surged nearly 50% in extended trading Wednesday following a report the company could soon be acquired by Italian sweets seller Ferrero.

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Shares of Frosted Flakes maker WK Kellogg (KLG) surged nearly 50% in extended trading Wednesday following a report the company could soon be acquired by Italian sweets seller Ferrero.

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Ferrero to Buy WK Kellogg in Candy-Meets-Cereal Deal The $3.1 billion acquisition would combine Ferrero, which makes Tic Tacs and Nutella, with the producer of Frosted Flakes and Froot Loops.

Ferrero acquires Kellogg's cereal business for $3.1 billion, combining Nutella with Frosted Flakes in a major food industry consolidation deal.

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New Yorks (CNN) — Shares of WK Kellogg, the cereal maker behind Froot Loops and Frosted Flakes, skyrocketed as high as 50% after the Wall Street Journal reported Wednesday that Ferrero was ...

Ferrero Nears Deal to Acquire Maker of Froot Loops, Frosted Flakes Cereals A deal for cereal maker WK Kellogg could be finalized as soon as this week. ---- Linda Yaccarino Steps Down as CEO of ...

FILE - This is a shelf of Kellogg's Frosted Flakes cereal at a market in Homestead, Pa., on Monday, Feb. 24, 2025. Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying ...