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

Ferrero International SA agreed to acquire WK Kellogg Co. for an enterprise value of $3.1 billion, pushing the Italian family-owned candy business further into the lucrative US market.

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Ferrero, the European confectionery giant behind Nutella and Ferrero Rocher, is set to acquire WK Kellogg Co., the maker of Froot Loops and other classic American cereals, in a $3.1 billion deal ...

Updated on: July 10, 2025 / 12:06 PM EDT / CBS News The Ferrero Group said Thursday it will buy WK Kellogg Co. in a deal valued $3.1 billion, expanding the Italian food giant's global reach.

Ferrero, the Italian candy maker, has agreed to acquire WK Kellogg, the American cereal giant, in a deal valued at $3.1 billion, the companies announced on Thursday.

The MLB Draft begins on Sunday. How is the first round shaping up at the moment? Will the Nationals change course at 1-1 with a new GM?

Candy maker Ferrero is buying cereal giant WK Kellogg for $3.1 billion. WK Kellogg, which makes cereals such as Froot Loops and Frosted Flakes, spun off into a standalone company in 2023.

President Donald Trump's "big beautiful bill" will add $3.4 trillion to the U.S. national debt over the next decade, according to the nonpartisan Congressional Budget Office.

Capgemini CAP -0.74% agreed to buy the provider of business process-management technology WNS for $3.3 billion in cash. The French consulting and technology group on Monday said that it is ...