WK Kellogg (KLG) News Today

WK Kellogg Co. (NYSE: KLG) saw its stock price increase today as takeover news and analyst optimism drove trading activity.

• Positive Sentiment: Italian confectioner Ferrero officially agreed to acquire WK Kellogg in an all-cash deal valuing the company at $3.1 billion, or $23 per share—a 40% premium over its recent trading average. FERRERO TO ACQUIRE WK KELLOGG CO
• Positive Sentiment: Evercore ISI raised its price target on KLG from $19.00 to $23.00, maintaining an “in-line” rating and signaling confidence in the transaction’s valuation. WK Kellogg Stock Price Expected to Rise, Evercore ISI Analyst Says
• Positive Sentiment: KLG shares jumped nearly 30% upon initial reports of Ferrero’s bid, reflecting strong investor appetite for the deal. Kellogg's Stock Explodes On M&A Talk—Too Late To Buy?
• Neutral Sentiment: Trading and options volume surged ahead of and following the deal announcement, indicating heightened market interest but not altering the transaction outlook. WK Kellogg Sees Strong Trading Volume - Still a Buy?
• Neutral Sentiment: A rival bid from private equity firm Cerberus Capital and investor Dean Metropoulos was reported but did not progress, underscoring competitive interest in KLG. Cerberus and Dean Metropoulos also made a bid for WK Kellogg, sources say
• Neutral Sentiment: WSJ’s weekly market recap included KLG among the top movers this week, driven by takeover chatter. The Score: WK Kellogg, Nvidia, Delta Air Lines and More Stocks That Defined the Week
• Negative Sentiment: Several shareholder law firms, including Monsey’s Wohl & Fruchter and Halper Sadeh LLC, launched investigations into whether the sale terms to Ferrero are fair, potentially delaying the deal. KLG Alert: Monsey Firm Investigating Fairness of the Sale
• Negative Sentiment: Additional firms such as Johnson Fistel and The Ademi Firm have filed similar shareholder alerts, raising governance questions around the board’s fiduciary duties. WK Kellogg Buyout Under Review by Johnson-Fistel