WK Kellogg's stock has skyrocketed by 53% on reports of a potential buyout by Ferrero, the famed Nutella parent company. This buzz comes as Ferrero nears a $3 billion deal for the cereal titan, known for beloved brands like Froot Loops and Frosted Flakes. Investors are reacting strongly to the news, with reports circulating from credible sources including Barron's and BBC.

Key Insights:

• WK Kellogg's stock surged 53% as buyout talks heat up.
• Ferrero may acquire Kellogg for approximately $3 billion.
• Media outlets like Barron's and WSJ are covering the developments.

Here's the full scoop.