Ferrero nears $3 billion purchase of cereal company WK Kellogg

How about some Nutella on your cornflakes. All right, so the Wall Street Journal reports Ferrero, that's the Italian candy company behind Nutella and Ferrerero Rocher, is near a deal to buy WK Kellogg for $3 billion. Now, that could be finalized as soon as this week.WK Kellogg was created when Kellogg spun off its North American cereal business about two years ago. Now, the remaining snack business called Kelanova that struck a deal last year to be sold to Mars for more than $30 billion,. ...