WK Kellogg's shares surged nearly 50 per cent before the bell on Thursday (Jul 10) after several media outlets, including Reuters, reported that the Italian candy maker behind Ferrero Rocher is close to buying the cereal maker, a deal that would unite two of the world's most recognisable consumer food companies. Shares of the Michigan-based company hit US$26.93, their highest since the maker of Fruit Loops and Frosted Flakes was spun off in 2023. Ferrero could finalise the roughly US$3 billion