Kellogg's Stock Explodes On M&A Talk—Too Late To Buy?

1. KLG shares soared 30% after Ferrero's $3.1 billion acquisition announcement. 2. Ferrero offered $23 per share, a 40% premium over recent trading prices. 3. KLG's sales declined 3.1% annually, raising concerns over growth. 4. Operating margins remain thin, suggesting weak pricing power for KLG. 5. Ferrero's acquisition aims to enhance its presence in the U.S. cereal market.