11 votes

Kellogg to separate into three companies focusing on snacks, cereal and plant-based foods

Posted by cfabbro
Tags: kellogg, business, snacks, cereal, spinoffs, plant based, brands, author.amelia lucas, source.cnbc
https://www.cnbc.com/2022/06/21/kellogg-to-split-into-three-independent-companies.html

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Authors
Amelia Lucas
Published
Jun 21 2022
Word count
675 words

3 comments

  1. [3]
    AugustusFerdinand
    Link
    Taking bets on which one they'll saddle with all the debt leading to its inevitable bankruptcy? My money is on the cereal company that was recently unionized.

    Taking bets on which one they'll saddle with all the debt leading to its inevitable bankruptcy? My money is on the cereal company that was recently filled with terrorists unionized.

    4 votes
    1. [2]
      vektor
      Link Parent
      Are you really at liberty to distribute those however you like? That sounds like an awfully convenient way of stiffing debt holders.

      Are you really at liberty to distribute those however you like? That sounds like an awfully convenient way of stiffing debt holders.

      1 vote
      1. MimicSquid
        Link Parent
        It is convenient, and sometimes share/stakeholders will sue if the split is too egregious, but it's legal.

        It is convenient, and sometimes share/stakeholders will sue if the split is too egregious, but it's legal.

        2 votes