Kellogg files Form 10 with SEC relating to plan to separate into two businesses

Kellogg announced the filing of a Form 10 registration statement with the U.S. SEC relating to the company’s previously announced plan to separate into two businesses: Kellanova, with about $12.6B in 2022 net sales, will be a leading company in global snacking, international cereal and noodles, and North America frozen foods, with iconic, world-class brands and strong growth momentum and profitability; WK Kellogg Co, with about $2.7B in 2022 net sales, will be a leading cereal company in the U.S., Canada, and Caribbean, with a portfolio of iconic, world-class brands, leading market positions, and compelling opportunities for investment and profit growth. On June 21, 2022, the company announced that its Board of Directors had approved a plan to pursue a separation of its North American cereal business, via a tax-free spin-off. The company is targeting to complete the separation transaction during the fourth quarter of 2023, subject to certain customary conditions, including final approval by the Board of Directors and effectiveness of the Form 10 registration statement.