(Reuters) -Kellogg said on Tuesday it was splitting itself into three separate companies, with a focus on snacking, North American cereal and plant-based businesses.
Shares of company jumped 7% in pre-market trading.
Kellogg said its U.S., Canadian, and Caribbean cereal and plant-based divisions collectively represented about 20% of its net sales in 2021, while the remaining business accounted for about 80% of sales.
(Reporting by Deborah Sophia in Bengaluru; Editing by Amy Caren Daniel and Anil D’Silva)
