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Diamond Foods Buys Pringles From P&G For $1.5 billion

BY  Reuters
With the sale of the snacks business, P&G will focus on its cosmetics and healthcare units.

Diamond Foods Inc will buy Pringles from Procter & Gamble Co for $1.5 billion in stock, snagging a global brand that will more than triple the size of its snack foods business.

Pringles, known for its potato chips...

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