(Reuters) – Kellogg Co on Tuesday became the latest U.S. company to announce the split of its business. The company said it would spin off its North American cereal and plant-based food divisions to focus on expanding its snacks business.
Here is the list of some of the major US corporate splits in the past:
COMPANY YEAR Stock market performance since
splits, at the June 17 market
1984 AT&T Inc In 1974, the US government
filed an antitrust complaint
against AT&T Corp because it had
a monopoly on telephone lines.
After eight years of litigation,
settlement that led to AT&T
relinquish control https://reut.rs/3mWDI3Q
of its regional operations
businesses, or Baby Bells.
2015 Ebay Inc In June 2015, e-commerce company
eBay Inc approved spin-off https://www.ebayinc.com/stories/news/ebay-inc-board-approves-completion-of-ebay-and-paypal-separation
from PayPal, which is up 92%
since he started trading. eBay has
gained 62% during this period
2015 Hewlett Packard Co In November 2015,
Hewlett-Packard split in two
listed companies https://reut.rs/3og9c4i.
Hewlett Packard Enterprise,
who understands the company
hardware and service company,
while Hewlett-Packard, which was
renamed HP Inc, includes the
computer and printer company.
Both stocks have risen since
this time, with HPE up 25% and
2016 Honeywell In September 2016, Honeywell
International International Inc, an American company
aircraft parts manufacturer
and air conditioning systems,
approved the spin-off https://reut.rs/3F36dTY
its $1.3 billion resins and
chemical operations in a
independent company, AdvanSix
Inc. This stock is up 182% since
Honeywell grew 66% during this
2019 DuPont In April 2019, DowDuPont Inc.
derived its science from materials
Dow Inc division, followed in
June 2019 with agriscience
company Corteva, as part of its
split into three companies https://reut.rs/31McHYU.
Since the start of their
trading, Dow is up 10%, Corteva
is up 79%, but DuPont lost
2020 United Technologies In March 2020, United
Technologies Corp has approved the
spinoff https://www.prnewswire.com/news-releases/united-technologies-board-of-directors-approves-separation-of-carrier-and-otis-and-declares-spin-off-distribution-of-carrier -et-otis-partage-301021893.html
from Carrier Global Corporation
and Otis Worldwide Corporation.
Carrier climbed 165% and
Otis is up 69.7% since they joined
2021 IBM IBM created a large part of
his company, the managed company and
infrastructure activities, such as
Kyndryl in November 2021, as
hangar of a century-old technology company
its slowly growing business
focus on high-margin cloud and
businesses. Kyndryl was down 81%
since he started trading
October, while IBM won
2021 General Electric Co General Electric said it will
energy-focused companies,
health and aviation as
industrial conglomerate seeks to
simplify your business, reduce your debt
and improve his beaten part
2021 Johnson & Johnson Johnson & Johnson said it was
plans to split into two
companies, splitting its
consumer health division which
sells bandages and baby powder
of its major pharmaceutical laboratories
2022 Kellogg Co Kellogg announced it would separate
its North American cereals and
plant-based food companies
focus on its snacking division,
resulting in three independent
(Reporting by Chavi Mehta, Tiyashi Datta and Deborah Sophia in Bengaluru and Karen Pierog in Chicago and Lewis Krauskopf in New York; Editing by Matthew Lewis, Anil D’Silva and Sriraj Kalluvila)
Copyright 2022 Thomson Reuters.