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.

The Italian candy company Ferrero plans to buy the American cereal maker Kellogg for $3.1 billion, the companies announced Thursday. The deal would unite the makers of household brands including ...

Italian confectioner Ferrero is buying the century-old U.S. cereal company WK Kellogg in a deal valued at approximately $3.1 billion.

Italian confectioner Ferrero is buying the century-old U.S. cereal company WK Kellogg in a deal valued at approximately $3.1 billion.

Italian candy giant Ferrero offered the American breakfast company a $3.1 billion deal too sweet to pass up.