From the Associated Press — Kellogg Company, the maker of Frosted Flakes, Rice Krispies and Eggo, will split into three companies focused on cereals, snacks and plant-based foods. Kellogg’s, which also owns plant-based food maker MorningStar Farms, said Tuesday that the spinoff of the yet-to-be named cereal and plant-based foods companies should be completed by the end of next year. The cereal and plant-based food companies will remain headquartered in Battle Creek, Michigan, where Kellogg was founded in 1906. The snack company, which accounts for 80% of Kellogg’s sales, will have its corporate headquarters in Chicago. Shares of Kellogg rose almost 4% to $70.15 in morning trading Tuesday.
