Diamond Pringles Deal May Be Hurt by Drop on Director Death

Diamond Foods Inc.’s decline after a report that director Joseph Silveira committed suicide may further complicate its proposed deal to buy the Pringles snack brand from Procter & Gamble Co.

Silveira, who died Nov. 15, had served on the audit committee and recused himself from its investigation of payments to walnut growers. Diamond said on Nov. 1 that the probe would delay the acquisition of Pringles in a deal valued at $2.35 billion.