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Deals Rumor Mill: Kellogg, TreeHouse, Astoria Financial

By Benjamin Horney ( October 23, 2015, 5:37 PM EDT) -- Cereal maker Kellogg Co. is closing in on a more than $1.5 billion deal to acquire snack foods company Diamond Foods Inc., the New York Post reported on Friday. According to the report, the deal could see Kellogg paying between $35 and $40 per Diamond share, representing a premium of up to 22 percent to Diamond's closing price on Thursday. Diamond Foods has reportedly been working with Credit Suisse Group on the sale process since September. For Kellogg, the acquisition is meant to boost its snack foods business and bolster its presence across the globe as cereal sales have declined in the U.S., the report noted....

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