Believes cereal business will be stronger as independent company.

Findings show a boost in consumer perception.

Seeks to elevate the brand and unlock growth.

Net income soars 49% in the third quarter.

Buyer is a longtime co-manufacturer for product line in United States.

Sales increase 3.6% in the third quarter.

Cuts will take place between December and August 2024.

Transaction was first announced on Sept. 11.

Will no longer be organized by regions.

Offer had been set to expire at 12 a.m. EST on Nov. 7.