FILE PHOTO: The company logo and ticker symbol for The Kellogg Company, is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 22, 2019. REUTERS/Brendan McDermid/File Photo
(Reuters) – Kellogg Co said on Tuesday it would take a pretax charge of about $35 million for restructuring its North American business following the sale of its popular Keebler brand and other assets.
The charges include about $20 million of expenses related to employee severance and termination benefits, the cereal maker said in a regulatory filing.
Reporting by Uday Sampath in Bengaluru; Editing by Shinjini Ganguli
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source: reuters.com