The sale of WK Kellogg Co. was approved Friday by shareholders, transferring the company that made Battle Creek, Michigan, known as Cereal City to foreign ownership.

The vote finalizes the $3.1 billion deal selling the company to Ferrero Group, the maker of Butterfinger candy bars and Nutella hazelnut spread.

“The acquisition of WK Kellogg Co supports Ferrero’s plan for strategic growth in North America and expands the Company’s reach across more consumption occasions with brands beloved by consumers,” Ferrero said in a news release. “Ferrero plans to invest in and grow WK Kellogg Co’s iconic portfolio of brands across the United States, Canada and the Caribbean.”

Under the deal announced July 10, WK Kellogg shareholders are to receive $23 in cash for each share of Kellogg common stock

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