WK Kellogg Stock Pops 50% On Potential $3 Billion Acquisition

Zinger Key PointsFerrero is reportedly nearing a deal to acquire WK Kellogg.WK Kellogg shares are up 49.9% in after-hours Wednesday.From tariffs to inflation, macro risks are rising—Matt Maley reveals how he’s trading it all, live this Wednesday July 9 at 6 PM ET.WK Kellogg CoKLGshares are soaring in Wednesday’s after-hours session following a report thatFerrerois nearing a deal toacquire the company.What To Know:Family-owned Italian candy company Ferrero is closing in on a deal to acquire cereal maker WK Kellogg for roughly $3 billion, according to a Wall Street Journalreport.People familiar with the matter reportedly said a deal could be completed as soon as this week.Ferraro continues to target U.S. brands for potential acquisitions. The company previously boughtWells Enterprises, the owner of several ice-cream brands including Blue Bunny, and acquiredNestlé’schocolate business in the U.S.WK Kellogg was formed as part of a spin-off from Kellogg in 2023. The other part of Kellogg’s snacking business wasacquiredby Mars for roughly $36 billion.WK Kellogg shares have struggled to find any momentum this year after revenue estimates fell short of estimates in the prior two quarters.Last quarter, WK Kellogg missed analyst estimates on the top and bottom lines and lowered its full-year growth guidance citing weaker-than-expected consumption trends. The company noted that its revised outlook also included a modest impact from tariffs.KLG Price Action:WK Kellogg shareswere up 49.9% in after-hours Wednesday, trading at $26.23 at the time of publication, according toBenzinga Pro.Loading...Loading...Read Next:Nvidia’s $4 Trillion Milestone Lifts Wall Street: What’s Moving Markets Wednesday?Photo: calimedia/Shutterstock.comKLGWK Kellogg Co$26.1354.5%Stock Score Locked: Edge Members OnlyBenzinga Rankings give you vital metrics on any stock – anytime.Unlock RankingsEdge RankingsMomentum39.92GrowthN/AQualityN/AValue62.27Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:M&ANewsGlobalAfter-Hours CenterMoversFerrerowhy it's moving