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Chocolate Giant To Buy Kellogg's Cereal Company For $3.1B: Here's Why
A European chocolate giant is purchasing the cereal company behind Froot Loops, Frosted Flakes, and Rice Krispies.
Ferrero Group has agreed to buy WK Kellogg Co for $3.1 billion, the candy company announced in a news release on Thursday, July 10. The Italian chocolatier is the owner of widely popular brands like Butterfinger, Famous Amos cookies, Ferrero Rocher, Jelly Belly, Kinder, Nutella, and Tic Tac.
In the agreement, Ferrero will pay $23 per share in cash, a 40% premium on WK Kellogg's recent stock price. Once the deal closes, Battle Creek, Michigan will serve as Ferrero's North Americ…
McDonald's Snack Wraps Return, Fast-Food Rivals Heat Up 'Wrap Battle': What To Know
One summer after Kendrick Lamar and Drake's intense rap feud, a new "wrap" battle has emerged.
The McDonald's Snack Wrap has officially returned to US menus on Thursday, July 10. Fans have been eagerly waiting for its comeback after it was removed from many domestic restaurants in 2016.
The wrap, which puts chicken breast, lettuce, cheese, and sauce inside a soft flour tortilla, first debuted in 2006, according to Food Network. Several versions were introduced over the years before it was discontinued.
While some locations kept the McDonald's Snack Wrap on the menu, it finally disappeared …
M&M's, Skittles Reportedly Resisting Push To End Artificial Food Dye Use: Here's Why
One of the nation's largest candy makers is pushing back on a years-long effort to remove artificial food dyes from its products, according to reports.
Mars, the McLean, Virginia-based company behind popular candies like M&M's, is resisting the federal government's effort to remove synthetic food colorings, The New York Times reported on Monday, July 7. This comes as more than a dozen food giants like Kraft Heinz, General Mills, PepsiCo, ConAgra, and Nestlé have agreed to eliminate the artificial dyes from their US products by the end of 2027.
Federal agencies have tried for y…
