Diamond Foods Inc. will net about $181.4 million in a secondary offering.

Diamond Foods Inc., which sells Emerald nuts and Pop Secret popcorn, on Wednesday, said it will net about $181.4 million in a secondary offering aimed at raising cash to fund an acquisition. Diamond Foods Inc. trades on the “NASDAQ” under the stock symbol “DMND”. For the Latest information regarding “DMND”, make sure to visit the Most Exclusive and In Depth newsletter website at:   http://www.wallstreetgrand.com/.

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Diamond Foods Inc., which sells Emerald nuts and Pop Secret popcorn, on Wednesday, said it will net about $181.4 million in a secondary offering aimed at raising cash to fund an acquisition. The company said the underwriters exercised their overallotment option to acquire 675,000 shares, bringing the total shares issued to nearly 5.2 million.

Diamond will use the proceeds to help pay for its acquisition of Kettle Foods. Diamond said last month it will buy Salem, Ore.-based maker of Kettle potato chips for $615 million.

Barclays Capital, Bank of America Merrill Lynch and BMO Capital Markets acted as joint book-running managers for the offering.

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