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Kellogg (K +5.2%) shares power higher after scooping up Pringles from Procter & Gamble (PG)...
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Wednesday, February 15, 2012, 11:58 AM ETKellogg (K +5.2%) shares power higher after scooping up Pringles from Procter & Gamble (PG) and analysts line up to approve the deal. Deutsche Bank applauds Kellogg for expanding away from cereal, estimating snacks will now represent 46% of total sales vs. 40% previously: "This is important as almost all cultures embrace snacks while few globally embrace cereal."
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