June 21 (Reuters) - Kellogg Co on Tuesday became the
latest U.S. corporation to announce a splitting of its business.
The company said it would spin off its North American cereal and
plant-based foods divisions to focus on expanding its snack
business.
    Following is the list of some of the major U.S. corporate
split-ups in the past:
  
 YEAR    COMPANY               Stock trading performance since
                               splits, as of June 17 market
                               close
 1984    AT&T Inc              In 1974, the U.S. government
                               filed an antitrust lawsuit
                               against AT&T Corp because it had
                               a monopoly on telephone lines.
                               After eight years of litigation,
                               the two sides reached a
                               settlement that led to AT&T
                               giving up control https://reut.rs/3mWDI3Q
                                of its regional operating
                               companies, or Baby Bells.
 2015    Ebay Inc              In June 2015, e-commerce firm
                               eBay Inc          approved the
                               spinoff https://www.ebayinc.com/stories/news/ebay-inc-board-approves-completion-of-ebay-and-paypal-separation
                                of PayPal         , which is up
                               92% since it began trading. EBay
                               has gained 62% during that time
                               frame.
 2015    Hewlett Packard Co    In November 2015,
                               Hewlett-Packard split into two
                               listed companies https://reut.rs/3og9c4i.
                                Hewlett Packard Enterprise
                                      , which comprises the
                               corporate hardware and service
                               business, while Hewlett-Packard,
                               which was renamed HP Inc
                                      , comprises the computers
                               and printers business. Both
                               stocks have risen since that
                               time, with HPE up 25% and HPQ
                               156%.
 2016    Honeywell             In September 2016, Honeywell
         International         International Inc, a U.S.
                               manufacturer of aerospace parts
                               and climate control systems,
                               approved the spinoff https://reut.rs/3F36dTY
                                its $1.3 billion resins and
                               chemicals operations into a
                               standalone company, AdvanSix Inc
                                       . That stock is up 182%
                               since it began trading, while
                               Honeywell rose 66% during that
                               time period.    
 2019    DuPont                In April 2019, DowDuPont Inc
                               spun off its material science
                               division Dow Inc        ,
                               followed in June 2019 with
                               agriscience company Corteva
                                       , as part of its breakup
                               into three companies https://reut.rs/31McHYU.
                                Since the starts of their
                               trading, Dow is up 10%, Corteva
                               is up 79%, but DuPont has shed
                               more than 27%.
 2020    United Technologies   In March 2020, United
                               Technologies Corp approved the
                               spinoffs https://www.prnewswire.com/news-releases/united-technologies-board-of-directors-approves-separation-of-carrier-and-otis-and-declares-spin-off-distribution-of-carrier-and-otis-shares-301021893.html
                                of Carrier Global Corporation
                                        and Otis Worldwide
                               Corporation         . Carrier
                               has climbed 165% and Otis rose
                               69.7% since they commenced
                               trading.
 2021    IBM                   IBM spun off a large chunk of
                               its company, the managed and
                               infrastructure business, as
                               Kyndryl        in November 2021,
                               as the century-old tech company
                               shed its slow-growing business
                               to focus on high-margin cloud
                               and artificial intelligence
                               businesses. Kyndryl was down 81%
                               since it began trading in
                               October, while IBM has gained
                               10.5% since then.              
 2021    General Electric Co   General Electric said it would
                               split into three public
                               companies focusing on energy,
                               healthcare and aviation as the
                               industrial conglomerate seeks to
                               simplify its business, pare debt
                               and enhance its battered share
                               price.             
 2021                          Johnson & Johnson said it was
                               planning to break up into two
                               companies, splitting off its
                               consumer health division that
                               sells Band-Aids and Baby Powder
                               from its large pharmaceuticals
                               unit.             
 2022    Kellogg Co            Kellogg said it would spin off
                               its North American cereal and
                               plant-based foods businesses to
                               focus on its snacking unit,
                               resulting in three independent
                               public companies.             
 

    
 (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)