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A European chocolate giant is purchasing the cereal company behind Froot Loops, Frosted Flakes, and Rice Krispies.Ferrero Group has agreed to buy WK Kellogg Co for $3.1 billion, the candy company ...

The Ferrero Group has agreed to acquire WK Kellogg Co. for $23.00 per share in cash, representing a total enterprise value of $3.1 billion.