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Kelloggs swallows up Pringles
Baker & McKenzie and Jones Day have advised on the $2.7 billion acquisition of Pringles in Australia
Digital
Firms: Baker & McKenzie (Kellogg Company), Jones Day (Procter & Gamble)
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Deal: Kelloggs' acquisition of Procter & Gamble's Pringles® business in Australia
Area: M&A
Value: $2.7 billion
Key players: The Baker & McKenzie Australia team was led by partner Ben McLaughlin and associates Candice Heggelund and Annalise Haigh
Deal significance: The Pringles® acquisition nearly triples the size of Kellogg Company's international snacks business, further strengthening Kellogg Company's competitive position in global snacks and making Kellogg Company the world's second-largest savoury snacks player. The transaction involved 11 international jurisdictions.
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