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WK Kellogg Buyout Under Review by Johnson Fistel for Shareholder Fairness

1. Johnson Fistel has launched an investigation into KLG's board actions. 2. KLG's proposed sale to Ferrero is priced at $23.00 per share. 3. The sale price is below an analyst's target of $28.00 per share. 4. The transaction requires regulatory approvals and shareholder consent. 5. KLG shares will be delisted once the transaction is completed.

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FAQ

Why Bearish?

The proposed buyout price is significantly lower than target estimates, which could alarm investors. Historical examples show similar transactions led to significant price drops when shareholders felt undervalued.

How important is it?

The investigation indicates potential governance issues, which could lead to greater volatility in KLG's stock price. This situation prompts shareholder sentiment to shift, highlighting the risk surrounding the buyout.

Why Short Term?

The immediate investigation may affect KLG's stock price over the coming months. Past instances of shareholder actions often create uncertainty leading to volatility.

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FERGKCPB
SAN DIEGO, July 10, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of WK Kellogg Co (NYSE: KLG) breached their fiduciary duties in connection with the proposed sale of the Company to Ferrero. On July 10, 2025, WK Kellogg Company entered into a definitive agreement with Ferrero pursuant to which Ferrero will acquire all of the outstanding shares of the Company in a go‐private transaction for $23.00 in cash per share—a price that represents a substantial discount to one Wall Street analyst’s $28.00 per‐share target. The transaction, which has been unanimously approved by the Boards of Directors of both the Company and Ferrero, is subject to customary closing conditions, including receipt of required regulatory clearances and approval by the Company’s shareholders, and is expected to close in the fourth quarter of 2025. Upon closing, the Company’s shares will be delisted and it will become a wholly owned subsidiary of Ferrero. You can click or copy and paste the following link to join this investigation: https://www.johnsonfistel.com/investigations/wk-kellogg-co If you are a shareholder of WK Kellogg and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number. About Johnson Fistel, PLLP | Top Law Firm, Securities Fraud, Investors Rights:Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. We also extend our services to foreign investors who have purchased on US exchanges. Stay updated with news on stock drops and learn how Johnson Fistel, PLLP can help you recover your losses. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Achievements: In 2024, Johnson Fistel was honored to be ranked in the Top 10 Plaintiff Law Firms by the ISS Securities Class Action Services. This recognition underscores our effectiveness in advocating for investors, having recovered approximately $90,725,000 for aggrieved clients in cases where we served as lead or co-lead counsel. This notable accomplishment marks the eighth occasion our firm has been recognized as a top plaintiffs’ securities law firm in the United States, as determined by the total dollar value of final recoveries. Attorney advertising.Past results do not guarantee future outcomes.Services may be performed by attorneys in any of our offices.Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Contact: Johnson Fistel, PLLP501 W. Broadway, Suite 800, San Diego, CA 92101James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471jimb@johnsonfistel.com or fjohnson@johnsonfistel.com

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