Blog: Kettle will give some sparkle to Diamond portfolio
Dean Best | 1 March 2010
Diamond Foods' move to buy premium crisp maker Kettle Foods played a part in driving down the US snack firm's shares on Friday (26 February) amid investor fears over how the acquisition would be funded.
Shares in Diamond dropped 10% as the company uses an equity offering to fund the purchase of Kettle.
However, as our comment piece argued today, Kettle has the potential to add some long-term, branded sparkle to a company that historically has derived most of its revenues from own label.
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