Procter & Gamble expects after-tax gain on transaction $1.4B-$1.5B

The sale of the Pringles business to The Kellogg Company (K) creates significant value for P&G (PG) shareholders. P&G expects an after-tax gain on the transaction in the range of $1.4B-$1.5B, or approximately 47c-50c per share, approximately the same as was estimated at the time of the initiation of the original transaction with Diamond Foods (DMND) in April, 2011.