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DewDiligence

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DewDiligence

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Re: DewDiligence post# 2476

Wednesday, 02/15/2012 7:33:07 AM

Wednesday, February 15, 2012 7:33:07 AM

Post# of 30493
PG sells Pringles to Kellogg for $2.7B in cash:

http://finance.yahoo.com/news/Procter-Gamble-Announces-bw-1891290498.html?x=0

The prior agreement to sell the Pringles business to Diamond Foods has been mutually terminated by P&G and Diamond as provided under the terms of their agreements.

PG nets $300M more than they originally expected to get from Diamond (#msg-61795025), so this is an excellent outcome.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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