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P&G deal with Diamond pushed to 2012.
November 2, 2011
By: TOM BRANNA
Editor
Procter & Gamble’s sale of Pringles to Diamond Foods has been moved from the front half to the back of its fiscal year. The deal had been expected to close in December 2011, and is now expected to close before the end of June 2012. The delay is necessary to allow Diamond Foods to complete an accounting investigation that it announced yesterday. P&G said that timing of this transaction will not affect the timing of its planned restructuring. Updated gu...
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