Ferrero to Acquire WK Kellogg Co
07.22.25
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Simpson Thacher is representing the W.K. Kellogg Foundation Trust in connection with the Ferrero Group's proposed acquisition of WK Kellogg Co for $23 per share in cash, representing a total enterprise value of $3.1 billion. The W.K. Kellogg Foundation Trust has entered into an agreement pursuant to which it has committed to vote its shares of WK Kellogg Co common stock in favor of the transaction. The transaction is subject to approval by WK Kellogg Co shareowners, regulatory approvals and other customary closing conditions and is currently expected to close in the second half of 2025.
The Simpson Thacher team includes Michael Chao (M&A); Laura Twomey and Julia Levenson (Personal Planning); and David Shevlin (Exempt Organizations).