Ferrero Buys WK Kellogg: Sweet Deal or Fully Priced?
14/7 09:56
WK Kellogg Co. (NYSE: KLG) surged nearly 30% on July 10 after Italian food giant Ferrero announced a $3.1 billion acquisition, including debt. The all-cash deal values WK Kellogg at $23 per share, an almost 40% premium to the 30-day volume-weighted average trading price, and is e...