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United States. Products. Cereal (only in North America) Brands. See below. Website. www.wkkellogg.com. WK Kellogg Co[a] is an American food manufacturing company, split from Kellogg's on October 2, 2023, and headquartered in Battle Creek, Michigan. It was formed in October 2023 as part of Kellogg's spin-off of its North American cereal business.
The business's stock symbol, "KLG", will also trade on the New York Stock Exchange. Shares dropped 9% on the session.
Spin-off entity Transaction value (in billions USD) Inflation adjusted (in billions 2022 USD) Ref 1 2024 General Electric Company: GE Aerospace, GE Vernova, GE Healthcare: 191 191 [1] 2 2008 Altria Group: Philip Morris International: 108 141 [2] [3] 3 2000 BCE: Nortel: 60 97 [3] 4 2013 Abbott Laboratories: AbbVie: 56 67 [3] 5 2015 eBay: PayPal ...
Spinoffs can impact share prices even before the deal is executed. When a spinoff is first announced, the parent company's share price might rise if news of the transaction is greeted with enthusiasm.
Kellogg's brand logo used by both Kellanova and WK Kellogg Co, formerly used as a corporate logo until 2023. Former Kellogg's Café, Union Square (Manhattan) Kellanova, formerly known as the Kellogg Company and commonly known as Kellogg's, is an American multinational food manufacturing company headquartered in Chicago, Illinois, US.
Xperi Holding Corporation spun off Xperi Incorporated. Post spin off both companies remained in the S&P 600 but Xperi Holding Corporation was renamed to Adeia Incorporated (Nasdaq: ADEA). SLQT was removed from the S&P 600 as it was no longer representative of the small-cap market space. [66] October 3, 2022: STEL: Stellar Bancorp: ABTX
Equity carve-out (ECO), also known as a split-off IPO or a partial spin-off, is a type of corporate reorganization, in which a company creates a new subsidiary and subsequently IPOs it, while retaining management control. [1][2] Only part of the shares are offered to the public, so the parent company retains an equity stake in the subsidiary ...
Investors should keep their eyes on these three spinoffs. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us ...