WK Kellogg – shares 50% appears on potential $ 3 billion acquisition – WK Kellogg (NYSE: KLG)

WK Kellogg Co. Klg Shares rise in the after-hours session on Wednesday after a report that Ferrero A deal is approaching to acquire the company.

What to know: Family business Italian candy company Ferrero is connected to a deal to acquire grain maker WK Kellogg for around $ 3 billion, according to a Wall Street Journal report.

People who are familiar with the case reportedly said that a deal could be completed as quickly as possible.

Ferraro continues to focus on our brands for possible acquisitions. The company has purchased earlier Wells Enterprisesthe owner of various ice brands, including Blue Bunny, and taken over Nestlés Chocolate cases in the US

WK Kellogg was formed as part of a Kellogg spin-off in 2023. The other part of Kellogg’s Snack company was taken over by Mars for around $ 36 billion.

WK Kellogg shares have difficulty finding a momentum this year after the estimates of income in the previous two quarters are failing.

Last quarter, WK Kellogg missed the estimates of the analysts at the top and bottom line and reduced the growth alloy of the entire year to mention weaker than expected consumption trends. The company noted that the revised prospects also contain a modest impact of rates.

KLG price promotion: WK Kellogg -shares had risen 49.9% in Wednesday after the hours and acted according to $ 26.23 at the time of publication, according to Petrol.

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