This year has seen a surge in corporate breakup deals in the US, with $725 billion announced through July, a 48% increase from last year. Companies are reevaluating their portfolios, leading to divestitures and spin-offs for improved returns and shareholder value.

Kraft Heinz confirmed plans to end its megamerger, while Keurig Dr Pepper announced a $22.7 billion deal for JDE Peets. DuPont is selling its Kevlar and Nomex business, and Warner Bros. Discovery is splitting into two companies after a debt-heavy merger.

Big food companies are undergoing self-reflection to adapt to shifting consumer tastes. Companies like Kraft Heinz are separating their slower-growing American food business from their international condiments division in pursuit of better performance and value creation.

Keurig Dr Pepper is acquiring JDE Peets for $22.7 billion and planning to spin out the entity through an IPO. J.M. Smucker sold off baked-good brands, Sony is spinning off its financial services arm, and Citigroup is preparing to spin off its Mexico consumer bank. Activist campaigns are on the rise, with Elliott Investment Management taking a stake in PepsiCo.

Breakup activity is expected to continue growing. Companies are splitting to unlock value, improve performance, and adapt to changing market dynamics. Stay informed with the latest economic news and business updates from Yahoo Finance.

Read more at Yahoo Finance: Wall Street is falling in love with the corporate breakup. Here’s why.