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US: Diamond Foods’ acquisition of Pringles will be delayed by an internal probe into its accounting for payments to walnut growers. The purchase of the business from Procter & Gamble was due to close in December but is now expected to be…
The Office of Fair Trading has given its approval for the $2.35bn acquisition of Pringles by Diamond Foods.
Procter & Gamble has exited the food business after selling its Pringles crisp brand. Diamond Foods, the US snacks group that owns Kettle Chips, has bought the brand in a deal worth $2.35bn (£1.44bn).
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