Replies to post #2476 on The Rising Influence of Rising Affluence

[DewDiligence]

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.