Kellogg's snacking unit, which includes Cheez-It and Pringles, gets a new name: Kellanova
Publishing timestamp: 2023-03-15 12:04:59
Summary
Kellogg will split into two companies by the end of the year, with the snacking unit being named Kellanova and retaining the "K" stock ticker. The North American cereal unit will be renamed WK Kellogg Co, and the ticker will be announced in the coming months. Kellogg's name will remain on brand packaging, and the spinoff is planned for the end of the year. The initial plan included the sale or separation of its plant-based business, but it will now be part of Kellanova.
Sentiment: NEUTRAL
Tickers: K,
Keywords: breaking news: business, business news, kellogg co, retail industry, restaurants, food and drink, business,
Source: https://www.cnbc.com/2023/03/15/kellogg-names-snacking-unit-kellanova.html