"WK Kellogg's (acquisition) gives it diversification from its cocoa heavy portfolio and instant U.S. distribution, shelf space, and a brand portfolio ... in a lucrative market that it can drizzle wit...

Ferrero International SA agreed to acquire WK Kellogg Co. for an enterprise value of $3.1 billion, pushing the Italian family-owned candy business further into the lucrative US market.

The world's largest contract chip maker reported a 40% jump in January-June revenue from a year earlier.