Kellogg board of directors approves separation into two companies, Kellanova And W 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.