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Kellanova, WK Kellogg End First Day of Trading in Red

Por: MarketWatch Business October 02, 2023

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Under a spinoff plan approved last month, investors received one share of WK Kellogg for every four shares of Kellogg Co. they owned. The arrangement is meant to avoid the need for the cereal business to compete against the snack brands for resources. It will also allow WK Kellogg to transform its supply chain by investing specifically in its most efficient and lowest-cost plants, management has said. Both companies’ products will continue to... + full article



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