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Posted by
Two Blokes Jul 9 -
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Stock
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Shares of WK Kellogg Co. (NYSE: KLG) jumped more than 47% in afterhours trading on Wednesday following reports that Italian confectionery giant Ferrero is close to acquiring the US cereal maker for approximately $3 billion. According to sources cited by The Wall Street Journal, the deal could be finalized as soon as this week.
