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Wajeeh Khan

Ferrero Snaps Up WK Kellogg in $3.1 Billion Deal. Is It Too Late to Buy KLG Stock?

Ferrero Kellogg WK Kellogg

WK Kellogg (KLG) shares soared more than 30% on Thursday after the Italian chocolate maker Ferrero agreed to buy the company behind Froot Loops and Special K for $3.1 billion. 

The agreement that values KLG shares at $23 each expands Ferrero’s reach in the U.S. market and diversifies its offerings to include breakfast staples. 

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