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Benzinga
Benzinga
Business
Adam Eckert

WK Kellogg Stock Pops 50% On Potential $3 Billion Acquisition

WK Kellogg Kellogg Ferrero Kellogg Co
Kellogg's Frosted Flakes

WK Kellogg Co (NYSE:KLG) shares are soaring in Wednesday’s after-hours session following a report that Ferrero is nearing a deal to acquire the company.

What To Know: 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.

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