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WK Kellogg Co ( (KLG) ) has issued an update.
WK Kellogg Co announced a merger agreement with Ferrero International S.A., where Frosty Merger Sub, Inc., a subsidiary of Ferrero, will merge into WK Kellogg Co, making it a wholly owned subsidiary of Ferrero. The merger, expected to close by the end of September 2025, is contingent upon shareholder approval and other conditions, with regulatory approvals already obtained.
The most recent analyst rating on (KLG) stock is a Hold with a $24.00 price target. To see the full list of analyst forecasts on WK Kellogg Co stock, see the KLG Stock Forecast page.
Spark’s Take on KLG Stock
According to Spark, TipRanks’ AI Analyst, KLG is a Neutral.
WK Kellogg Co’s overall stock score reflects financial challenges and high valuation concerns, offset by positive technical indicators and potential strategic benefits from the merger with Ferrero. The legal challenges related to the merger add uncertainty, but the company’s strong market momentum provides a positive outlook.
To see Spark’s full report on KLG stock, click here.
More about WK Kellogg Co
Average Trading Volume: 1,897,522
Technical Sentiment Signal: Buy
Current Market Cap: $1.99B
For an in-depth examination of KLG stock, go to TipRanks’ Overview page.