Michigan's WK Kellogg cereal maker set to be bought by Italian candymaker Ferrero

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9. Nutella maker Ferrero's deal to acquire Michigan cereal giant Kellogg valued at $3.1B

https://www.detroitnews.com/story/business/2025/07/10/nutella-maker-ferrero-deal-to-acquire-cereal-giant-kellogg-take-private-battle-creek-michigan/84530988007/

Ferrero, known for brands like Nutella and Butterfinger, is taking Michigan cereal giant WK Kellogg private in a deal valued at approximately $3.1 billion.

The Ferrero Group will pay $23 for each Kellogg share. The transaction includes the manufacturing, marketing and distribution of Battle Creek-based WK Kellogg Co.’s portfolio of breakfast cereals across the United States, Canada and the Caribbean.
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The deal, which still needs approval from Kellogg shareholders, is expected to close in the second half of the year.

The deal would mark another potential loss for corporate Michigan and its ability to retain such heritage companies as Kellogg. Historically, acquisitions of Michigan companies lead to fewer jobs and less local investment.
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