Procter & Gamble Sells Pringles to Diamond Foods for $1.5 Billion (PG, DMND)
Posted on April 05, 2011 at 08:55 AM EDT
Packaged foods maker Diamond Foods, Inc. (DMND) and consumer products maker The Procter & Gamble Company (PG) on Tuesday announced an agreement to sell the Pringles potato chip business to Diamond for $1.5 billion in stock. In pursuant to the deal, Diamond will also assume Pringles’ $850 million debt, making the total value of the [...]