Italian food giant Ferrero Group, with its North American headquarters in Parsippany, will buy WK Kellogg and its "iconic" line of cereals.

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 ...

Italian food giant the Ferrero Group, with its North American headquarters in Parsippany, will buy WK Kellogg and its "iconic" line of cereals.

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LUXEMBOURG and BATTLE CREEK, Mich. — The Ferrero Group will acquire WK Kellogg Co for a total enterprise value of $3.1 ...