Kellanova shares are trading lower after the company completed the spin off of its cereal division, WK Kellogg. Kellanova shareholders will receive 1 share of WK Kellogg for each Kellanova share owned.
Portfolio Pulse from Luke J Jacobi
Kellanova has completed the spin off of its cereal division, WK Kellogg. Kellanova shareholders will receive 1 share of WK Kellogg for each Kellanova share owned, which has led to a decrease in Kellanova's share price.
October 02, 2023 | 12:32 pm
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Kellanova's share price has decreased following the completion of its spin off of WK Kellogg.
The spin off of WK Kellogg has led to a decrease in Kellanova's share price as shareholders will now receive shares of WK Kellogg, effectively diluting the value of Kellanova's shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100