date:Apr 04, 2019
Kellogg Company has reached a definitive agreement to sell selected cookies, fruit and fruit-flavoured snacks, pie crusts, and ice cream cones businesses to global confectionery group Ferrero.
The cash transaction is valued at $1.3 billion (or 1.16 billion, at the current exchange rates), and includes brands and assets primarily related to these businesses. Subject to customary closing conditions, including any applicable regulatory approvals, the transaction is expected to close by the end of