WK Kellogg supplements merger proxy with forecasts amid shareholder lawsuits

WK Kellogg Co

Received multiple demand letters and lawsuits alleging omissions in proxy; complaints seek to enjoin Ferrero merger unless more info disclosed.
Voluntarily adds revised July and June projections; July projections show 2025E Adj EBITDA of $285M.
June projections prior to error correction show 2025E Adj EBITDA of $271M; special meeting to vote on deal set for Sept 19, 2025.
Company denies merit but supplements to avoid delay; lawsuits cite conflicts with Goldman Sachs and management.
Supplemental disclosure details Goldman Sachs valuations: implied value per share range of $20.51-$26.61.

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