The Kellogg Company has split into two separate, publicly traded companies - WK Kellogg Co and Kellanova - effectively to ‘create substantial value for shareowners’, however, shares of both fell in their first day of trading after the separation.
Mexican bakery giant Grupo Bimbo, Hostess Brand, Japan’s Yamazaki Baking and Flowers Foods are reportedly among those still circling as possible buyers for the beleaguered Swiss-Irish frozen baked goods group.