Kellogg Company Board Of Directors Approves Separation Into Two Companies, Kellanova And WK Kellogg Co
Portfolio Pulse from Benzinga Newsdesk
Kellogg Company's Board of Directors has approved the separation of the company into two entities, Kellanova and WK Kellogg Co. The separation is expected to be effective from October 2, 2023. The distribution ratio of shares has been set at 1 share of WK Kellogg Co for every 4 shares of the current Kellogg Company.
September 11, 2023 | 12:30 pm
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Kellogg Company's decision to split into two companies could potentially lead to increased investor interest and possibly a short-term increase in stock price.
The decision to split a company often leads to increased investor interest as it can indicate a strategic move to unlock shareholder value. This could potentially lead to a short-term increase in the stock price of Kellogg Company.
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