The Rising Influence of Rising Affluence

[DewDiligence]

True, PG’s new one-time EPS guidance for the Pringles transaction is $0.47-0.50 vs the old guidance of a one-time gain of $0.55-0.65 if the Diamond deal had gone through. On the other hand, the original plan for Pringles could have resulted in PG’s having to hold some Diamond shares if not enough PG shareholders had elected to swap their PG shares for Diamond shares. So, all told, I consider the Kellogg transaction an excellent outcome under the circumstances.