Nutella with your Corn Flakes? This cereal giant’s stock rallies on a $3 billion deal. The deal values cereal maker WK Kellogg at $23 a share, a 30% premium to its closing price on Wednesday.

Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old U.S. cereal company WK Kellogg in a deal valued at approximately $3.1 billion.

Nutella maker Ferrero Group is buying cereal giant WK Kellogg Co in a $3.1 billion deal. Shares of WK Kellogg (KLG) jumped more than 30% in early trading. Ferrero said that it “plans to invest ...

Ferrero has signed a deal to take WK Kellogg private in an agreement worth $3.1 billion, The Associated Press reported.

Italian confectioner Ferrero is buying the century-old U.S. cereal company WK Kellogg in a deal valued at approximately $3.1 billion.

New York (CNN) — Nutella maker Ferrero Group is buying cereal giant WK Kellogg Co in a $3.1 billion deal.

Italian confectioner Ferrero, known for brands such as Nutella and Kinder, is buying the century-old US cereal company WK Kellogg in an effort to expand its North American sales.

Italian candy giant Ferrero offered the American breakfast company a $3.1 billion deal too sweet to pass up.

Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old U.S. cereal company WK Kellogg in a deal valued at approximately $3.1 billion.

Ferrero, the Italian candy company behind Ferrero Rocher and Nutella, agreed to a deal to buy WK Kellogg, according to a press release issued Thursday morning.