Kellogg shares soar on reports of Ferrero takeover talks
Source: BBC
Shares in breakfast cereal giant WK Kellogg have soared after reports that chocolate maker Ferrero is close to buying the firm for about $3bn (£2.2bn).Ferrero could finalise the deal for the maker of Fruit Loops and Corn Flakes as soon as this week, the Wall Street Journal and Financial Times reported.The Italian owner of the Ferrero Rocher and Kinder brands has been expanding in recent years, buying Nestle's…
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