The Kellogg Company has split into two separate, publicly traded companies - WK Kellogg Co and Kellanova - effectively to ‘create substantial value for shareowners’, however, shares of both fell in their first day of trading after the separation.
Kellanova, formerly known as Kellogg Company, (K), announced the completion of the separation of its North American cereal business, WK Kellogg Co. Kellanova will continue to trade on the NYSE under the ticker symbol, K.
Kellogg Co. – the maker of iconic snacks, including Pringles, and cereal, including Froot Loops and Special K – officially no longer exists having completed today the separation of its North American cereal business into a new company named WK Kellogg Co and renaming the other half of its business, which includes its snacks and plant-based protein brands, Kellanova.