Kellogg (K +5.2%) shares power higher after scooping up Pringles from Procter & Gamble (PG)...

|About: Kellogg Company (K)|By:, SA News Editor

Kellogg (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."