Kellogg Shares Surge Amid Reports of $3 Billion Takeover Talks with Ferrero
Shares of WK Kellogg Co soared on Wednesday following reports that Italian confectionery giant Ferrero is in advanced talks to acquire the U.S. breakfast cereal maker in a deal estimated at around $3 billion. According to sources cited by The Wall Street Journal and Financial Times, the deal could be finalised as early as this…