Cans of Pringles on display in New York, April 5, 2011. (Reuters/Shannon Stapleton)
Diamond Foods Inc. is buying Procter & Gamble Co.’s Pringles chips business in a deal valued at $1.5 billion.
Analysts have been speculating for years that Procter & Gamble might shed Pringles, as the world’s biggest consumer products maker had indicated in the past that the food business didn’t fit in with the rest of its portfolio. Get the full story »
