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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 ...
- KELLANOVA, FORMERLY KELLOGG COMPANY, ANNOUNCES COMPLETION OF ...
The separation was achieved through the distribution of all...
- Kellanova - Kellogg Company Board Of Directors Approves ...
Kellogg Company's Board of Directors approved the pending...
- KELLANOVA, FORMERLY KELLOGG COMPANY, ANNOUNCES COMPLETION OF ...
Why the Split? Over the past several years, Kellogg’s ® has been on a journey to transform its portfolio, enhancing performance and increasing value for all its stakeholders. The announcement to spin off the North American cereal business was the next step in that transformation. The spin-off will better position both businesses to unlock ...
Mar 15, 2023 · 254. In this article: Kellogg (K) is out with the new names of what will be two separate, publicly-traded, companies once it completes the spin-off of its North America cereal business. Its global ...
- 8 min
- Brooke DiPalma
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 · 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 ...
Mar 15, 2023 · Kellogg Co's global snacking business will be called "Kellanova" following the spin-off of its North American cereal unit, the packaged food giant said on Wednesday, as the company splits itself ...
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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 ...
