Ferrero Set to Acquire WK Kellogg: Here's What the $3.1B Deal Means

The Ferrero Group, a confectionery giant behind brands like Nutella and Kinder, is making a bold move to expand its North America footprint by acquiring WK Kellogg Co KLG for $3.1 billion. The all-cash deal, priced at $23 per share, gives Ferrero control of manufacturing, marketing and distribution rights to...