Kellogg Company (NYSE:K) cleverly sneaked in and made good use of the fuss between Procter & Gamble Company (NYSE:PG) and Diamond Foods Inc (NASDAQ:DMND) as it grabbed the Pringles deal from P&G for $2.77 billion. The transaction is expected to close by the end of June this year.
P&G was supposed to sell its Pringles brand of potato snack to Diamond Foods for $2.4 billion. However, the retail giant refrained from handing over its brand after Diamond Foods’ reputation was stigmatized with the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards