Italian food giant Ferrero Group, with its North American headquarters in Parsippany, will buy WK Kellogg and its "iconic" line of cereals.

Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old U.S. cereal company WK Kellogg in a deal valued at approximately $3.1 billion ...

Ferrero's US$3.1bn acquisition of WK Kellogg Co marks its strategic expansion into cereals, bringing brands like Frosted ...