I'm surprised that I haven't seen anyone on CommonStock talk about Kellogg's $K plan to separate into 3 different companies.

These 3 companies are:

The company that Kellogg's current CEO will run will be the CEO of the snacking business.

Why the spin-offs? It's because the company's growth in other sectors isn't being reflected well when its largest business, cereal, continues to hamper the growth numbers. Also, it unlocks value for shareholders and shareholders can choose which business they want to invest in.

Some are concerned that spinning off the young plant-based brands into their separate entity would cause them to not perform well both financially and in the stock market as $BYND and $TTCF, two pure-play plant-based meat players, have seen their share prices plunge significantly compared to its IPO.

Source: https://www.cnbc.com/2022/06/21/kellogg-to-split-into-three-independent-companies.html