Search results
WK Kellogg Co will be wholly separate and independent post-spin, and therefore no company will have any operational or management control or influence over the other. Companies typically pursue a spin-off if they believe the businesses will benefit from operating separately versus as a single entity – whether that be to pursue unique growth strategies, investments or opportunities, or to ...
Jun 21, 2022 · BATTLE CREEK, Mich., June 21, 2022 /PRNewswire/ -- Kellogg Company (NYSE: K) today announced that its Board of Directors has approved a plan to separate its North American cereal and plant-based foods businesses, via tax-free spin-offs, resulting in three independent public companies, each better positioned to unlock their full standalone potential. The three companies, whose names will be ...
Oct 2, 2023 · The separation was achieved through the distribution of all of the shares of WK Kellogg Co to holders of Kellanova common stock at 12:01 a.m. EDT on October 2, 2023, with Kellanova shareowners receiving one share of WK Kellogg Co common stock for every four shares of Kellanova common stock held as of the close of business on the record date of September 21, 2023.
Sep 11, 2023 · The receipt of WK Kellogg Co common stock in the distribution will be tax-free to Kellogg Company shareowners for U.S. federal income tax purposes, except for the gain or loss attributable to cash ...
Sep 11, 2023 · Kellogg Company's Board of Directors approved the pending separation of Kellogg Company into Kellanova and WK Kellogg Co The separation is expected to become effective on October 2, 2023 The Company also set the distribution ratio of shares at 1 share of WK Kellogg Co for every 4 shares of current Kellogg Company The Company believes that the separation will create two stronger, more focused ...
The spin-off will better position both businesses to unlock its full potential by creating: Kellanova, a global snacking powerhouse with a leading presence in international cereal and noodles and North America frozen foods, consisting of approximately 82% of the company’s portfolio;
People also ask
How will the WK Kellogg spin-off work?
What happened to Kellogg Company?
Does Kellogg have a spin-off company?
Will Kellogg complete its spin-offs in 2023?
When does Kellogg's break up?
What time will KLG receive a share of WK Kellogg Co (KLG)?
Sep 11, 2023 · USA TODAY. 0:02. 1:26. Kellogg Company is splitting in to two independently traded companies, spinning off their global snacking business into Kellanova and North American cereal brand into WK ...
