Kellogg company board of directors approves separation into two companies, kellanova and wk kellogg co
Kellogg company's board of directors approved the pending separation of kellogg company into kellanova and wk kellogg co the separation is expected to become effective on october 2, 2023 the company also set the distribution ratio of shares at 1 share of wk kellogg co for every 4 shares of current kellogg company the company believes that the separation will create two stronger, more focused companies, each with a strong financial outlook battle creek, mich. , sept. 11, 2023 /prnewswire/ -- kellogg company (nyse: k) today announced that its board of directors formally approved the previously announced separation into two independent, publicly traded companies, kellanova and wk kellogg co. upon completion of the separation on october 2, 2023, kellogg company will be renamed kellanova, and will continue to trade on the new york stock exchange (nyse) under the ticker symbol "k", while wk kellogg co is expected to begin trading on the nyse under the ticker symbol "klg".
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