Ferrero Acquires Kellogg Cereal Business for $3.1 Billion
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最新报道：Ferrero Group has agreed to acquire Kellogg's cereal business, including brands like Froot Loops and Special K, for $1.3 billion. The deal, expected to close in Q3 2023, will expand Ferrero's presence in the U.S. breakfast market. Kellogg's will retain ownership of its snacks, noodles, and international cereal businesses as it prepares to split into three separate companies later this year. This acquisition marks Ferrero's continued expansion beyond chocolates, following its purchases of Nestlé's U.S. candy business and Fox's biscuits in recent years. The transaction is subject to regulatory approvals.
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