Kellogg Plans to Split Into 3 Companies. The Stock Is Spiking.

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Updated June 21, 2022 9:42 am ET / Original June 21, 2022 7:19 am ET

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Kellogg stock was rising on Tuesday after the cereal and snack giant announced plans to split into three independent companies.

Kellogg (ticker: K) will spin off its U.S., Canadian, and Caribbean cereal and plant-based businesses. The names of the companies will be determined later.

The first, “Global Snacking Co.,” will encompass Kellogg’s…

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