Mergers and Acquisitions Recap: Procter and Gambles Win, Sandisk Buys Flashpoint

Following the announcement that Kellogg (NYSE:K) acquired the Pringles brand, Kellogg shares moved up 4.1% premarket. Pringles seller Procter & Gamble (NYSE:PG) trades 0.3% higher, but Diamond Foods (NASDAQ:DMND) remains under a trading halt having lost out on the transaction.

FlashSoft has been acquired by Sandisk (NASDAQ:SNDK) for an undisclosed amount. The latter company says that the deal will be neutral to earning in 2012 and accretive in 2013 – its shares stood. Caching softwear produced by FlashSoft are targeted for use in Linux, Windows (NASDAQ:MSFT), and VMWare (NYSE:VMW).

Investing Insights: Comcast, Dean Foods, Kellogg, WellCare, Deere Among Most Active Stocks Feb 15th.

El Paso (NYSE:EP) will be acquired in a $38B deal by Kinder Morgan (NYSE:KMI), which will attempt to sell off EP’s production and exploration assets in pieces rather than as a whole, according to The New York Post. It was also revealed that KMI has been deeply engaged in talks to sell its assets to PE firms, but now seeks to break up the assets and to locate multiple buyers in hopes of obtaining as much as $8B.

Having purchased Pieffe, an Italian provider for logistics services to pharmaceutical companies, UPS (NYSE:UPS) has now bought Kiala, a Belgian provider of low-cost delivery services for online purchases. Available in five European countries, Kiala’s platform allows consumers the option of having goods they purchase delivered to a nearby retail location where they can pick them up.

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To contact the reporter on this story: Mark Lawson at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com