Diamond Foods
November 24, 2011
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Diamond Foods slid after the snack-food maker said there is no connection between the recent suicide death of director Joseph Silveira and a board investigation of the company’s accounting. Silveira, who died Nov. 15, had served on Diamond’s audit committee and recused himself from its investigation of payments to walnut growers. The action may hurt Diamond’s proposed deal to buy the Pringles snack brand from Procter & Gamble Co.
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