Kellogg Co. said Monday its board has approved a share buyback program of up to $1.5 billion that will be effective from Jan. 1, 2023 through Dec. 31, 2025. The cereal company’s prior authorization, also of $1.5 billion, will expire on Dec. 31, 2022. Shares rose 1.1% premarket and have gained 12% in the year to date, while the S&P 500 has fallen 16.5%.
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