Group 1 - Halper Sadeh LLC is investigating iTeos Therapeutics, Inc. for potential violations related to its sale to Concentra Biosciences, LLC, which involves a cash offer of $10.047 per share and contingent value rights [1] - The contingent value rights include the right to receive 100% of iTeos' closing net cash exceeding $475 million and 80% of net proceeds from the sale of certain product candidates within six months post-closing [1] - WK Kellogg Co is being sold to The Ferrero Group for $23.00 per share in cash, prompting legal inquiries regarding shareholder rights [2] Group 2 - Halper Sadeh LLC may seek increased consideration for shareholders and additional disclosures regarding the proposed transactions [3] - Shareholders are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options at no charge [4] - The firm represents investors globally who have experienced securities fraud and corporate misconduct, recovering millions for defrauded investors [4]

Group 1 - The proposed sale of WK Kellogg Co to The Ferrero Group involves shareholders receiving $23.00 in cash for each share they own [1] - Kahn Swick & Foti, LLC is investigating whether the proposed consideration is adequate or if it undervalues WK Kellogg Co [1] - The investigation is led by former Louisiana Attorney General Charles C. Foti, Jr. [1] Group 2 - Kahn Swick & Foti, LLC is inviting shareholders who believe the transaction undervalues the company to discuss their legal rights [2] - Shareholders can contact KSF Managing Partner Lewis S. Kahn for more information regarding the proposed sale [2]

Group 1: Earnings Performance - WK Kellogg reported quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.28 per share, and down from $0.36 per share a year ago, representing an earnings surprise of -10.71% [1] - The company posted revenues of $613 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 3.31%, and down from $672 million year-over-year [2] - Over the last four quarters, WK Kellogg has surpassed consensus EPS estimates only two times and topped revenue estimates just once [2] Group 2: Stock Performance and Outlook - WK Kellogg shares have increased approximately 29% since the beginning of the year, outperforming the S&P 500's gain of 7.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.28 on revenues of $669.55 million, and for the current fiscal year, it is $1.33 on revenues of $2.64 billion [7] Group 3: Industry Context - The Consumer Products - Staples industry, to which WK Kellogg belongs, is currently in the bottom 26% of over 250 Zacks industries, indicating a challenging environment [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact WK Kellogg's stock performance [5] - The unfavorable trend in estimate revisions prior to the earnings release has resulted in a Zacks Rank 5 (Strong Sell) for WK Kellogg, suggesting expected underperformance in the near future [6]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 28, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-41755 WK Kellogg Co (Exact name of registrant as specified in its charter) Delaware 92-1243173 (State or other ...

Core Insights - WK Kellogg Co has published its second quarter 2025 financial results, which are available on the company's investor relations website [1] - The company will not host a webcast to discuss these results due to a pending transaction with the Ferrero Group [2] Company Overview - WK Kellogg Co was founded in 1894 and is known for its iconic breakfast products, including Corn Flakes, Frosted Flakes®, Rice Krispies®, and Froot Loops® [3] - The company emphasizes its commitment to enhancing consumer well-being through its brand portfolio and sustainable business strategy, Feeding Happiness™ [3] - WK Kellogg Co aims to create a positive impact on families and communities while providing nourishing foods [3]

Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@montev ...

Core Insights - Ferrero Group is acquiring WK Kellogg Co for $3.1 billion, marking a significant expansion into the North American market and entry into the breakfast category [1][3][8] - The acquisition is expected to close in the second half of 2025, pending shareholder and regulatory approvals, with WK Kellogg operating as a wholly owned subsidiary of Ferrero post-transaction [2][9] - WK Kellogg's stock surged by 30% following the announcement, reflecting positive market sentiment towards the deal [1][8] Company Strategy - The acquisition aligns with Ferrero's strategy to enhance its presence in North America and leverage WK Kellogg's established cereal brands, which have strong consumer appeal [3][6] - WK Kellogg aims to maximize shareholder value and drive growth by streamlining operations and improving profitability since its independence in October 2023 [5][9] - The deal is expected to provide WK Kellogg with greater resources and capabilities to compete in the food market [5][6] Financial Outlook - WK Kellogg anticipates net sales between $610 million and $615 million for the second quarter of 2025, with adjusted EBITDA projected between $43 million and $48 million [7]

Core Insights - WK Kellogg Co. experienced a nearly 30% stock price increase following Ferrero's announcement of a $3.1 billion acquisition, which includes debt, valuing WK Kellogg at $23 per share, a nearly 40% premium over its 30-day volume-weighted average trading price [2] - The acquisition is part of Ferrero's strategy to expand its U.S. presence and diversify its portfolio beyond confectionery, incorporating well-known cereal brands into its offerings [4] Company Performance - WK Kellogg's sales have declined at an average annual rate of 3.1% over the past three years, with a 6.2% year-over-year decrease to $663 million in the latest quarter [3] - The company has narrow margins, reporting a 5.6% operating margin and a 2.1% net margin, indicating weak pricing power in a mature product category [3] Market Valuation - Prior to the acquisition, WK Kellogg's market capitalization was approximately $1.5 billion, making Ferrero's offer a near 100% premium [5] - WK Kellogg was trading at 0.6x sales and 26.7x earnings, both below historical averages, reflecting skepticism regarding its growth potential [5] - Following the acquisition announcement, the implied P/E ratio for WK Kellogg has risen into the mid-30s, suggesting limited potential for further revaluation [5]

Core Viewpoint - Wohl & Fruchter LLP is investigating the fairness of the proposed sale of WK Kellogg Co. to Ferrero Group for $23.00 per share in cash, following concerns raised by investors regarding the sale price [1][2]. Group 1: Sale Details - Kellogg announced an agreement to be sold to Ferrero Group for $23.00 per share in cash on July 10, 2025 [2]. - At least one investor has publicly expressed disappointment with the sale price, claiming that shareholders are being unfairly treated [2]. Group 2: Investigation Purpose - The investigation aims to determine if the Kellogg Board of Directors acted in the best interests of shareholders when approving the sale [2]. - The inquiry will assess whether the agreed price is fair and if all material information regarding the transaction has been fully disclosed [2]. Group 3: Firm Background - Wohl & Fruchter LLP has over a decade of experience representing investors in litigation related to fraud and corporate misconduct, recovering hundreds of millions of dollars for investors [3].

Group 1 - WK Kellogg's shares increased by 34% following the announcement of Ferrero's acquisition plan at $23 per share [1][2] - The acquisition expands Ferrero's presence in the U.S. market by adding Kellogg's cereal brands to its portfolio [3] - Current Kellogg shareholders may not see further benefits as the share price is close to the acquisition price, suggesting limited upside potential [5] Group 2 - The acquisition highlights the value of consumer staples, which are often overlooked but can provide stability in investment portfolios [6] - The food sector, including companies like Kraft Heinz, Hershey, and General Mills, remains a viable investment opportunity amidst the hype surrounding technology stocks [7]