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MarketWatch
Kellogg announces plan to split into three separate businesses
Kellogg Co. shares jumped 8.1% in Tuesday premarket trading after the food company announced a plan to split into three businesses: “Global Snacking Co.,” which will represent about $11.4 billion in sales and include international cereal and noodles, North American frozen breakfast, as well as snacks; “North America Cereal Co.,” which represents about $2.4 billion in sales and includes U.S., Canada, and Caribbean cereals; and “Plant Co.,” a business of about $340 million anchored by the MorningS
