Food conglomerate Kellogg’s is splitting into three stand-alone businesses by the end of 2023. The company currently offers cereals, plant-based foods, frozen breakfast brands, and snacks like Pringles.

The cereal and plant-based businesses will be headquartered in Michigan, while the global snacks arm will be based in Chicago.

Shares of Kellogg’s increased by 8% after news of the split hit the trading floor.

Source: newser