Read more
11:50 AM · 21 June 2022

Kellogg stock surges in pre-market on split-up plans

-
-
Open account Download free app

Kellogg Co (K.US) stock jumped more than 8.0% before the opening bell after the iconic cereal producer plans to separate into three independent companies due to tax reasons.

  • The company will spin off its North American cereal business and plant-based division, which accounted for about 20% of its revenue last year in two separate entities. Both groups will remain based in Battle Creek, Michigan;
  •  Third company will operate in snacks sector, which accounted for approximately 80% of its overall sales and will focus on business divisions such as frozen breakfast, noodles and snack foods with a new global headquarters to be based in Chicago;
  • "These businesses all have significant standalone potential, and an enhanced focus will enable them to better direct their resources toward their distinct strategic priorities," said CEO Steve Cahillane.
  • Kellogg said it expects the tax-free spin offs will be completed by the end of 2023. Names of the new companies have not been decided yet ; 

Kellogg Co (K.US) stock rose sharply in premarket and if current sentiment prevails recent high at $75.60 may be at risk. Source: xStation5

11 February 2026, 3:17 PM

Palo Alto acquires CyberArk. A new leader in cybersecurity!

11 February 2026, 2:44 PM

US OPEN: Blowout Payrolls Signal Slower Path for Rate Cuts?

11 February 2026, 1:15 PM

Market wrap: Oil gains amid US - Iran tensions 📈 European indices muted before US NFP report

11 February 2026, 8:30 AM

Economic calendar: NFP data and US oil inventory report 💡

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits