WK Kellogg Co : Spin-off of the cereals business, valuation on the rocks

Each shareholder will receive one WK Kellogg share for every four shares held in Kellogg, now renamed Kellanova. The aim of the separation is to enhance the value of Kellanova’s business portfolio, which is more profitable and far more diversified than that of WK Kellog.
WK Kellog is the second-lar…
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