Empresas y finanzas

Kellogg to buy Pringles from P&G for $2.7 billion

15/02/2012 - 13:22

(Reuters) - Kellogg Co will buy the Pringles potato chip brand from Procter & Gamble Co for $2.7 billion in cash.

Kellogg said on Wednesday that it would borrow $2 billion to complete the deal and expects to limit its share repurchase program for about two years.

In April, Diamond Foods Inc said it would buy Pringles from P&G, but the deal was delayed by an accounting investigation.

(Reporting by Phil Wahba in New York; Editing by Lisa Von Ahn)