Cereal giant WK Kellogg's shares surge 30% on $3B deal to be acquired by Ferrero Rocher owner
1. WK Kellogg agreed to a $3.1 billion acquisition by Ferrero Rocher. 2. Ferrero's offer represents a 31% premium per WK Kellogg share. 3. Cereal maker forecasts weaker sales, below analysts' estimates. 4. Consumer preferences are shifting to healthier snack options. 5. Ferrero's acquisition marks its largest deal in recent years.