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Posted by
Two Blokes Jul 10 -
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Stock
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WK Kellogg shares soared 49% ahead of Thursday's opening bell in New York, after reports surfaced that Italian confectionery group Ferrero is close to acquiring the US cereal maker in a deal worth around $3 billion. The sharp rally, which sent shares to $26, comes as Ferrero looks to unite its brand portfolio with Kellogg's iconic brands such as Special K and Corn Flakes.
