Halper Sadeh investigates potential securities violations in Kellogg, DallasNews, CARGO Therapeutics mergers.

Halper Sadeh LLC is investigating WK Kellogg Co, DallasNews Corporation, and CARGO Therapeutics for potential violations of federal securities laws and/or breaches of fiduciary duties to shareholders. The firm is investigating the sale of WK Kellogg Co to The Ferrero Group for $23.00 per share, DallasNews Corporation to Hearst for $14.00 per share, and CARGO Therapeutics to Concentra Biosciences for $4.379 per share. Shareholders can click on the provided links to learn more about their legal rights and options.

The Ferrero Group has announced the acquisition of WK Kellogg Co, a significant move that aims to bolster its presence in the North American market. The deal, valued at $3.1 billion, includes the iconic cereal brands such as Kellogg's Frosted Flakes®, Kellogg's Froot Loops®, and Kellogg's Frosted Mini Wheats®, among others [1].

Ferrero will pay $23.00 per share in cash, representing a 40% premium to the 30-day volume weighted average trading price. The acquisition is part of Ferrero's strategy to expand its portfolio and enhance its footprint in North America. The transaction is expected to close in the second half of 2025, subject to shareholder approval, regulatory approvals, and other customary closing conditions [1].

Meanwhile, Halper Sadeh LLC is conducting an investigation into potential violations of federal securities laws and breaches of fiduciary duties by WK Kellogg Co, DallasNews Corporation, and CARGO Therapeutics. The firm is examining the recent sales of WK Kellogg Co to The Ferrero Group, DallasNews Corporation to Hearst, and CARGO Therapeutics to Concentra Biosciences. Shareholders are advised to click on the provided links to learn more about their legal rights and options [1].

References:
[1] https://www.ferrero.com/int/en/news-stories/news/ferrero-to-acquire-wk-kellogg-co