Pringles Transaction Information

Pringles Transaction Information

The Procter & Gamble Company (NYSE:PG) has completed the sale of its Pringles business to Kellogg in a $2.695 billion all-cash transaction effective June 1, 2012. The Company expects an after-tax gain on the transaction in the range of $1.4 billion to $1.5 billion, or approximately $0.47 to $0.50 per share.

With completion of the sale, the Pringles workforce including the manufacturing resources in Jackson, Tennessee, and Mechelen, Belgium, will transfer to Kellogg.

P&G’s Chairman, President and Chief Executive Officer Bob McDonald said: “This sale creates significant value for P&G shareholders and an outstanding opportunity for Pringles employees with a leading company in the Food sector. Kellogg shares similar values and principles to us and we are confident that the Pringles business will thrive under Kellogg’s leadership.”

May 31, 2012 Press Release: Procter & Gamble announces it has completed the sale of its Pringles business to Kellogg in a $2.7 billion all-cash transaction effective June 1, 2012

February 15, 2012 Press Release: Procter & Gamble Announces Agreement to Divest Pringles to the Kellogg Company for $2.7 Billion

Shareholder FAQs


SEC Filings
- Form 8-K