Corporate America Brings Its New Skinny Look to Stock Market
- Deals from Kellogg, Danaher, Aramark ahead in next few weeks
- Current cycle of spinoffs ‘far from done,’ says EY’s Schwartz
Kellogg's Special K cereal.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Wall Street is preparing for a wave of spinoffs as a slew of household-name companies moves to streamline operations.
Within the next two weeks, Kellogg Co. will separate its North American cereal business from its portfolio of snacks, frozen foods and emerging-markets brands; Danaher Corp. is spinning out Veralto Corp., its environmental and applied solutions segment; and Aramark will carve out Vestis, its uniforms and workplace supplies business.