K
NYSE:K
Kellogg Company
- Stock
82.80
+0.04%
2.61
news - Aug 11, 2025 - 21:25
Goldman Conflict Claims in WK Kellogg-Ferrero Deal Draw Lawsuit
A shareholder lawsuit claims that WK Kellogg Co. failed to disclose potential conflicts of interest involving Goldman Sachs & Co., which provided a fairness opinion on Kellogg's $3.1 billion acquisition by Ferrero International SA. The complaint argues that Kellogg's proxy statement omitted information about Goldman's expected $93.2 million transaction fee from the pending $36 billion sale of Kellanova to Mars Inc., which substantially exceeds the $22 million Goldman reportedly recognized for services to Kellogg Foundation Trust. The lawsuit, filed on August 8, 2025, alleges that the omission violates the Securities Exchange Act of 1934 and seeks to block the deal until full disclosure is made. The plaintiff, George Konel, is represented by Ademi & Fruchter LLP, and the case is pending in the U.S. District Court for the Northern District of Illinois.
news.bloomberglaw.comnews - Aug 11, 2025 - 21:25
Goldman Conflict Claims in WK Kellogg-Ferrero Deal Draw Lawsuit
A shareholder lawsuit claims that WK Kellogg Co. failed to disclose potential conflicts of interest involving Goldman Sachs & Co., which provided a fairness opinion on Kellogg's $3.1 billion proposed acquisition by Ferrero International SA. The complaint argues that Kellogg's proxy statement omitted information about Goldman's expected $93.2 million transaction fee from the pending $36 billion sale of Kellanova to Mars Inc., which significantly exceeds the $22 million Goldman reportedly recognized for services to Kellogg Foundation Trust. The lawsuit, filed on August 8, 2025, alleges that this omission misled shareholders and violates the Securities Exchange Act of 1934. The plaintiff, George Konel, seeks to block the deal until Kellogg discloses more information about Goldman's financial relationships and potentially claims damages. Kellogg and Goldman have not commented on the suit.
news.bloombergtax.comnews - Aug 11, 2025 - 03:52
Grocery Outlet Raises More Than $5 Million for Local Food Banks
Grocery Outlet Holding Corp. completed its 15th annual Independence from Hunger Food Drive, raising over $5 million to support local food banks across the United States. The campaign, which ran from June 25 to July 31, involved more than 540 Grocery Outlet stores collecting donations through in-store and online contributions, as well as preassembled grocery bags donated to local food banks. The initiative, launched in 2011, has raised over $30 million in total cash and food donations. Customers could participate by donating $5 or more to receive a $5 coupon, purchasing premade grocery bags, making in-store donations, or donating online. The San Francisco Bay Area community was supported through a partnership with the Alameda County Community Food Bank, and several suppliers including Conagra Brands, Kellanova, and Wayne-Sanderson Farms contributed products. Grocery Outlet ensures no administration or collateral fees are deducted from collected funds.
thepacker.comnews - Aug 08, 2025 - 14:40
Beyond Meat Second Quarter 2025 Earnings: Misses Expectations
Beyond Meat reported its second-quarter 2025 financial results, showing a 20% decline in revenue to $75.0 million and a net loss of $33.2 million, representing a 3.8% improvement from the previous year. Earnings per share declined to $0.43, down from $0.53 in the prior quarter. Revenue missed analyst expectations by 10%, and EPS missed estimates by 6.2%. The company forecasts a 3.8% annual revenue growth over the next three years, in line with the broader U.S. food industry growth. Shares fell 7.9% from the previous week. The article includes a risk analysis, valuation assessment, and comparisons to similar companies such as Kellanova and Hormel Foods, with a note that Beyond Meat is considered moderately and slightly overvalued.
simplywall.stnews - Aug 05, 2025 - 06:45
Europe’s M&A market is alive and kicking - in spite of the odds
The European M&A market remains resilient despite geopolitical tensions, trade uncertainties, and macroeconomic challenges. In the first half of 2025, global M&A deal value reached $2.0 trillion, with Europe expected to see its best year in over a decade. Valuation gaps persist, but easing interest rates and the Draghi report have spurred consolidation. EU regulatory scrutiny and national governments continue to complicate deals, though there is growing recognition of the value of scale in sectors like finance and defense.
euronews.comDescription
Kellogg Company, together with its subsidiaries, manufactures and markets snacks and convenience foods. The company operates through four segments: North America, Europe, Latin America, and Asia Middle East Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie f...Show More
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