KLG
WK Kellogg Co23.00
+0.00+0%
Sep 25, 4:00:02 PM EDT
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.99BP/E (TTM)
67.65Basic EPS (TTM)
0.34Dividend Yield
0.03%Recent Filings
8-K
Ferrero acquires WK Kellogg
WK Kellogg Co completed its merger with Ferrero International S.A. on September 26, 2025, becoming a wholly owned indirect subsidiary after shareholders approved the deal on September 19. Shareholders received $23.00 per share in cash, totaling approximately $1.99 billion, while trading halted on the NYSE and the company terminated its credit agreement, repaying all outstanding debt. The acquisition bolsters Ferrero's North American growth by integrating WK Kellogg's iconic cereal brands. Delisting follows swiftly.
8-K
Shareholders greenlight Ferrero merger
WK Kellogg Co shareowners approved the merger with Ferrero International's subsidiary on September 19, 2025, with 62.5 million for votes crushing 4.4 million against. Parties eye a September 26 close, pending customary conditions. Stock delisting looms post-merger. Risks persist if conditions falter.
8-K
Merger nears shareholder vote
WK Kellogg Co's merger with Ferrero International S.A. cleared a major hurdle on September 4, 2025, when the FTC granted early HSR Act termination, securing all required regulatory approvals. With a shareholder vote set for September 19, the deal eyes a close by end of September, pending approval and final conditions. Yet risks loom if shareholders balk. Forward-looking statements highlight uncertainties like potential termination fees.
8-K
Merger proxy supplements filed
WK Kellogg filed supplemental disclosures on September 9, 2025, to address shareholder lawsuits alleging omissions in its proxy statement for the pending merger with Ferrero, set for shareholder vote on September 19. The updates detail financial projections like July 2025E revenue of $2,624 million and Adjusted EBITDA of $285 million, plus enhanced fairness opinions from Goldman Sachs and Morgan Stanley showing per-share values up to $29.67. Company denies merit in claims but adds info to moot them. Litigation risks could delay the deal.
8-K
Q2 Sales Drop Amid Merger
WK Kellogg Co reported Q2 2025 net sales of $613 million, down 8.8% from $672 million last year, amid a tough operating environment, while advancing supply chain modernization. The pending $23 per share cash acquisition by Ferrero, announced July 10 and expected to close in H2 2025, prompted suspension of full-year guidance. Net income fell to $8 million. Deal risks include shareholder and regulatory approvals.
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