Snyder's-Lance is to expand its snack foods empire with the acquisition of Emerald Nuts and Kettle Brand chips maker Diamond Foods in a cash and shares deal worth approximately $1.91bn.
Kellogg is reportedly in talks to buy Kettle Chips and Emerald nuts maker Diamond Foods in a deal that could be valued at around $1.5bn and further increase Kellogg’s presence in the snacking category as the ready-to-eat cereals market continues to struggle.
While its fourth quarter figures make for dismal reading, there are some silver linings to the clouds that have enveloped Diamond Foods for the past couple of years, CEO Brian Driscoll told analysts this week.
A federal judge in California has given the green light to a proposal from Diamond Foods - potentially worth $120m - to settle a class action lawsuit from investors who bought stock in the firm just before its $2.3bn mega-deal to buy Pringles went south...
Premium nuts and snacks maker Diamond Foods has agreed to settle a private securities class action against the firm and two of its former executives over accounting errors that forced it to restate its 2010 and 2011 earnings and scuppered its plan to...
Premium nuts and snacks maker Diamond Foods has reported an $86.3m net loss on a 2% rise in sales to $981.4m for the year to July 31, but stressed that the results do not reflect its recent change in strategic direction.
Procter & Gamble has reaffirmed its commitment to complete the sale of global snack brand Pringles to Diamond Foods by June 2012, despite a sharp fall in Diamond’s share price last week.