Diamond Foods (DMND) drops 7.2% AH after announcing its $2.35B acquisition of Procter &...

|About: Diamond Foods, Inc. (DMND)|By:, SA News Editor

Diamond Foods (DMND) drops 7.2% AH after announcing its $2.35B acquisition of Procter & Gamble's (PG) Pringles business, previously expected to close in December, is now expected to close in 1H 2012. The closing date was revised to make time for Diamond's audit committee to investigate the company's "accounting for certain crop payments to walnut growers."