not just interested... basically said he will have it. probably waiting for restatement, then buy-out at same time. thats why PG asked for no break up fee... cos it was going to diamond foods via kellogg.
I just read this and came to see if it was posted. :) Would be quite ironic if it were to occur. Diamond wants to add Pringles to lineup. Screws it up. Kellogs adds Pringles and then adds Diamond as well, so they do end up together after all, just not in anyway that anyone would have thought; but a statement of interest isn't a guarantee so have to wait and see.
Kellogg CEO: Diamond Foods ‘clearly a fit’ for cereal maker
San Francisco Business Times by Mark Calvey, Senior Reporter
Date: Wednesday, February 15, 2012, 1:56pm PST - Last Modified: Wednesday, February 15, 2012, 2:07pm PST
Diamond Foods Acting CEO Rick Wolford says the company will focus on building its brands after Kellogg's bought Pringles today. Some see Kellogg's picking up Diamond on its next shopping trip.
Was there a deal struck between DMND and K
Lets say that P&G walked away from DMND without 60 million.
And K walks in and buys pringles for more than the deal between P&G and DMND.
That leads me to beleave that DMND and K already struck a deal.
K says get your paper work straight and we buy you.
Something in brewing and I like it.
Let hope Warren Buffet makes a offer (we all know his sone is a farmer and knows the business) and K comes in higher
Let the bidding war begin
I just read that also. "Clearly a fit". Interesting.
We'll see if anyone else gets involved. They have to clear things up first and give street a true picture of where things stand before they can move forward - I'd guess.
This would be enough to scare the hell out of me if I was short this stock. If another party expresses interest - off we go.