Factbox-Some of the Biggest Splits in Corporate America | Investing News

(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.

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