The following video is part of this week's MarketFoolery podcast, in which host Chris Hill, Bill Mann, and Joe Magyer discuss the latest business news. Diamond Foods' deal to buy Pringles from Procter & Gamble fell apart, and today Kellogg stepped in and announced a deal to buy Pringles for $2.7 billion. In this segment, the guys analyze why the deal is a winner for both companies and their shareholders.

Chris Hill owns no shares of any of the companies mentioned. Motley Fool newsletter services have recommended buying shares of Procter & Gamble. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.