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Chocolate Giant To Buy Kellogg's Cereal Company For $3.1B: Here's Why
A European chocolate giant is purchasing the cereal company behind Froot Loops, Frosted Flakes, and Rice Krispies.
Ferrero Group has agreed to buy WK Kellogg Co for $3.1 billion, the candy company announced in a news release on Thursday, July 10. The Italian chocolatier is the owner of widely popular brands like Butterfinger, Famous Amos cookies, Ferrero Rocher, Jelly Belly, Kinder, Nutella, and Tic Tac.
In the agreement, Ferrero will pay $23 per share in cash, a 40% premium on WK Kellogg's recent stock price. Once the deal closes, Battle Creek, Michigan will serve as Ferrero's North Americ…
Recall Issued For Popular Chocolate Product Sold In CT
A packaging mistake could put certain consumers at risk.
A popular chocolate treat sold in stores across New York, New Jersey, and Connecticut — and online — has been recalled due to a potentially serious allergen issue.
Kayco, a Bayonne, New Jersey-based company, has issued a recall for Glicks Dark Chocolate Conettos after discovering that some packages may actually contain milk chocolate — posing a risk for those with a milk allergy or severe sensitivity.
The affected products were distributed nationwide between Sunday, Oct. 13, 2024, and Friday, Feb. 14, 2025, with some units also sold …