Kellanova, Formerly Known As Kellogg, Announces Completion Of Previously Announced Separation Of Its North American Cereal Business
Portfolio Pulse from Benzinga Newsdesk
Kellanova, formerly known as Kellogg, has completed the separation of its North American cereal business through the distribution of all shares of WK Kellogg Co to Kellanova common stock holders. WK Kellogg Co will begin trading on the NYSE under the ticker symbol 'KLG', while Kellanova will continue to trade under the ticker symbol 'K'.
October 02, 2023 | 11:32 am
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Kellanova, previously Kellogg, has separated its North American cereal business. It will continue to trade on the NYSE under the ticker symbol 'K'.
The separation of the North American cereal business could potentially streamline Kellanova's operations and improve efficiency. However, it's unclear how this will impact the company's financial performance in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
WK Kellogg Co, separated from Kellanova, will begin trading on the NYSE under the ticker symbol 'KLG'.
As a new entity, WK Kellogg Co's performance will be closely watched by investors. However, it's too early to predict how the stock will perform in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100