Bloomberg News

P&G’s Diamond Deal Needs ‘Favorable’ Probe Resolution

December 15, 2011

(Corrects agency’s name in first paragraph.)

Dec. 15 (Bloomberg) -- Procter & Gamble Co. said the sale of its Pringles business to Diamond Foods Inc. depends on the “favorable resolution” of an internal accounting investigation and a U.S. Securities and Exchange Commission probe.

“Our commitment to this transaction is predicated on the favorable resolution of all these current investigations,” Paul Fox, a Procter & Gamble spokesman, said in an e-mailed statement.

--Editors: Kevin Orland, James Callan

To contact the editor responsible for this story: James Callan at jcallan2@bloomberg.net


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