The consortium formed by Cerberus Capital Management and Dean Metropoulos was rejected in the bid to acquire WK Kellogg's, won by Ferrero for 3.1 billion dollars.
Ana-Maria Tapescu
International
Foto: Brandon Bell / Getty images / Profimedia
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Cerberus Capital Management and billionaire Dean Metropoulos tried to acquire cereal maker WK Kellogg's, but their offer was rejected in favor of Ferrero Group, which agreed to a $3.1 billion deal. Cerberus, with retail experience, and Metropoulos, known in the food industry, were advised by UBS and Macquarie. The proposal has sparked speculation about their future investment targets amid a surge in M&A activity in the food sector.
Sources
Cerberus şi Dean Metropoulos au făcut o ofertă pentru WK Kellogg, dar au pierdut în faţa Ferrero – surse
Răsturnare spectaculoasă de situație într-o tranzacție uriașă: Un mare miliardar tocmai a fost scos din cursă
Grupul italian Ferrero preia businessul WK Kellogg’s de pe piaţa americană pentru 3,1 mld. dolari. Ce afaceri au giganţii în România
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