Kellogg in talks to buy Diamond Foods

October 23, 2015 09:14 AM

Corn Flakes maker Kellogg Co is in late-stage talks to buy snack foods company Diamond Foods Inc for more than $1.5 billion, the New York Post reported, citing sources.

Kellogg could pay $35-$40 a share, the report said.

Diamond Foods declined to comment. Kellogg was not immediately available for comment.

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Sruthi Ramakrishnan, Reuters