Michigan's WK Kellogg Co., the cereal giant, is set to be acquired by the Italian candymaker behind Ferrero Rocher in a deal valued at approximately $3.1 billion. The Ferrero Group will pay $23 for each Kellogg share. The transaction includes the manufacturing, marketing and distribution of Battle Creek-based WK Kellogg Co.’s portfolio of breakfast cereals across the United States, Canada and the Caribbean. Ferrero SpA is the maker of Butterfinger candy bars and Nutella hazelnut spread. More at the link in bio. Photo by Brandon Bell, Getty Images. #detroitnews #kellogg #michigan #battlecreek #nutella