Deals
Diamond Foods Falls After Delay in Closing Pringles Deal
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Diamond Foods Inc., the maker of Kettle potato chips and snack nuts, had the biggest decline in almost three years after saying the $1.5 billion acquisition of Pringles chips would close later than expected.
The shares slid 18 percent to $52.79 at the close in New York, the largest drop since December 2008. The San Francisco-based company’s shares had risen 21 percent this year before today.