Kellogg to split into three companies

Kellogg to split – With a concentration on snacking, North American cereal, and plant-based enterprises, Kellogg announced on Tuesday that it was dividing into three distinct firms. 
 
In pre-market trading, firm shares increased by 7%. 
 
According to Kellogg, its U.S., Canadian, and Caribbean cereal and plant-based divisions made up around 20% of its net sales in 2021, while the rest of the company generated about 80% of its revenue.