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Benzinga
Benzinga
Business
Avi Kapoor

Why WK Kellogg Shares Are Trading Higher By Over 50%; Here Are 20 Stocks Moving Premarket

WK Kellogg Ferrero WK Kellogg Co WSJ Ultragenyx
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Shares of WK Kellogg Co (NYSE:KLG) rose sharply in today's pre-market trading following a WSJ report suggesting Ferrero is nearing a deal to acquire the company.

Family-owned Italian candy company Ferrero is closing in on a deal to acquire cereal maker WK Kellogg for roughly $3 billion, according to a Wall Street Journal report. People familiar with the matter reportedly said a deal could be completed as soon as this week.

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