Kellogg's Stock Explodes On M&A Talk—Too Late To Buy?
1. KLG surged nearly 30% after Ferrero's $3.1 billion acquisition announcement. 2. The buyout values KLG shares at $23, a 40% premium over averages. 3. KLG experienced declining sales and margins before the acquisition deal. 4. Ferrero aims to diversify and grow in the $20B U.S. cereal market. 5. KLG's stock valuation suggests limited further growth post-acquisition.