<ul data-eligibleForWebStory="false"><li>WK Kellogg's stock is up more than 50% following reports of a potential $3 billion acquisition offer from chocolate maker Ferrero.</li><li>Ferrero, known for its Ferrero Rocher hazelnut chocolates, may finalize the acquisition of the breakfast foods company WK Kellogg in the coming days.</li><li>WK Kellogg, based in Battle Creek, Michigan, is a standalone company that produces cereals like Corn Flakes and Froot Loops after being spun off in 2023.</li><li>The potential acquisition reflects ongoing consolidation in the packaged food industry as consumer preferences shift towards healthier breakfast options and private label brands.</li></ul>

WK Kellogg Stock Soars 50% Higher On Takeover Reports

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