Kellog Company purchases Pringles from P&G
Posted: Feb 16, 2012 11:52 AM EDT | Updated: Nov 5, 2014 6:13 PM EDT
The company best known for its breakfast cereals wants to satisfy snack cravings too.
Kellogg Company has agreed to buy Pringles from Procter and Gamble. The cash deal is worth nearly $3 billion.
Diamond Foods was close to snagging Pringles, but the deal fell apart last week in the midst of an accounting scandal.