Consumer stocks were mixed premarket Thursday with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) slightly higher recently.
WK Kellogg (KLG) signed an agreement to be acquired by Ferrero Group for $23 per share in cash, representing a total enterprise value of $3.1 billion. Shares of WK Kellogg were up more than 29% pre-bell.
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