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Kellogg Buys Pringles For $2.7 BILLION!
Procter & Gamble have completed their $2.7 billion sale of their Pringles brand to Kellogg recently.
You heard us. That's $2,700,000,000!!
Pringles makes about $1.5 billion in revenue every year so they were quite the hot commodity.
The craziest part is that after taxes, P&G will net about $1.4 to $1.5 billion.
The government makes a billion dollars off this deal and they didn't do anything! Other than keep the Commies at bay we guess.
We wonder if this means Kellogg would consider a Pringles breakfast cereal!
That'd either be gross or amazing.
Yay Pringles!
[Image via Glane23/Wikimedia Commons.]
Tags: amazing, billion, brand, breakfast, cereal, chips, deal, food, government, gross, kellogg, pringles, procter and gamble, sale, snacks, taxes
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