WK Kellogg Buyout Under Review by Johnson Fistel for Shareholder Fairness

Core Viewpoint - Johnson Fistel, PLLP has initiated an investigation into WK Kellogg Co's board members regarding potential breaches of fiduciary duties related to the proposed sale of the company to Ferrero for $23.00 per share, which is below a Wall Street analyst's target of $28.00 per share [1]. Group 1: Company Transaction Details - WK Kellogg Company has entered into a definitive agreement with Ferrero for a go-private transaction at $23.00 per share [1]. - The transaction has received unanimous approval from the Boards of Directors of both WK Kellogg and Ferrero and is expected to close in the fourth quarter of 2025, pending regulatory clearances and shareholder approval [1]. Group 2: Investigation and Shareholder Rights - The investigation by Johnson Fistel focuses on whether the proposed buyout price is too low and if the board acted in the best interests of shareholders [1][2]. - Shareholders who believe the buyout price is inadequate are encouraged to contact the lead analyst for more information [2].