by creating this talk in the first place
Kellogg is not only not denying it but
indeed fanning the flames.
It's looking like a done deal and may have
been their plan all along, as a matter of
fact they probably wanted Diamond more than
Pringles but realized they should buy them both.
There had been some integration in management
and cooperative management efforts already in place over the last year according to the Diamond/Pringles agreement.
Remember, Diamond/Pringles alone was going to
be the second-largest snack seller in the U.S.
This would be an absolute brilliant coup for
Kellogg to pull off. They had to pay cash for
Pringles because there was no other way, but
with Diamond, all they have to do is print 22 million shares (would go from 357 to 377 million) - and the coup is over.
This was the plan all along. Press is being confirmed at multiple sources, typically there would be a denial by now if it wasn't happening.
We can only surmise that IT WILL HAPPEN.
After being downgraded for spending so much cash on Pringles, there is no way they would
dig deeper into their cash/debt in order to acquire Diamond Foods. No, they will do a stock transaction, and all you have to do is
look at the price of "K" to see where DMND
is going soon.
I live in the states; was just on vacation ("holiday is what the Europeans call it).
Newcastle--a fine choice. May be psychological, but IMO a beer/ale tastes better when you're drinking one near where it was brewed. Don't get me started on my opinion of Light beers!
thanks for the UK perspective, i know you
call french fries "chips" but I guess you
call chips "crisps" ?
someday I'd like to visit the UK, I can
see myself sipping a Newcastle at an outdoor
patio next to Oxford like Inspector Morse.
Pop Secret is not microwave only.
Their jars of regular popcorn are
in all the major supermarkets and WalMarts.
“Pringles has had a ‘mid-single digit’ growth rate over the past few years and would not enhance the growth rate of the Kellogg’s existing portfolio of low-growth brands,” Raney said. “Emerald and Kettle, however, are young, new brands with high consumer awareness, increasing market share and meaningful earnings potential.”
“Unlike Pringles, Emerald and Kettle have direct-store-delivery distribution and would be synergistic on Kellogg’s existing distribution routes,” Raney said
Kellogg cereals need nut supplies.
Kellog snack bars need nut supplies.
Diamond wholesale, culinary supply chain
fills this need and gives Kellogg more
availability for exotics.
Emerald, Pop Secret, Kettle currently have
no overseas sales - Pringles (Kellogg) distribution network would give Diamond brands
worldwide market exposure, sales would explode.
Kellogg has no popcorn. Until they buy Diamond. Kellogg swallows a competitor by
owning both Kettle and Pringles.
Regardless of buyout or not, the real price is heading back to a more fair number. This is way over done on the downside!Should be tween 30 and 40 anyway jmo. The end of the world isn't hiding in their books like shorty thinks.