P&G Seeks to Call Off Pringles Sale to Diamond Foods

Procter & Gamble Co. reportedly plans to terminate the sale of its Pringles snack business to Diamond Foods, following an accounting probe into the way the maker of Emerald nuts booked its payments to growers, Bloomberg reported. Procter & Gamble had agreed to accept Diamond’s bid of $1.5 billion for Pringles in April 2011, the story said.

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