Ferrero closes $23/share acquisition of WK Kellogg Co; stock delisted

WK Kellogg Co

Each share converted into $23 cash; aggregate purchase price ~$1.99B.
Trading on NYSE halted and stock to be delisted; Form 25 to be filed.
All eight directors resign; Merger Sub directors appointed to board.
Credit agreement terminated and all indebtedness repaid at closing.
Ferrero plans to invest in and grow WK Kellogg's brand portfolio.

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