Tyrrells Potato Crisps Ltd. has been put up for sale by Langholm Capital LLP for about £100 million. Tyrrells is set to attract the interest from Kellogg Company (NYSE:K), CALBEE, Inc. (TSE:2229, Tangerine Confectionery, Ltd. and Intersnack Group GmbH & Co. KG. Langholm Capital has appointed corporate finance advisors at McQueen to sell the company, with first round bids due in June 2013.

Kellogg Company announced Pop-Tarts(R), a peanut butter Pop-Tarts! Just in time for summer, the new Pop-Tarts Gone Nutty! varieties hit store shelves nationwide with two highly anticipated flavors -- Peanut Butter and Frosted Chocolate Peanut Butter. With filling made with real peanut butter, Peanut Butter Pop-Tarts are sprinkled with fine sugar crystals while the Frosted Chocolate Peanut Butter flavor features a chocolate pastry crust and sweet frosting. Both are wrapped in special gold foil, making them stand out from the brand's traditional silver foil wrappers. The peanut butter flavors are available now at local retailers. To spread the peanut butter news and get the new delicious flavors into the hands of fans nationwide, the Pop-Tarts toasting team is hitting the road on a cross-country trip in a toaster-shaped truck to hand deliver the peanut buttery goodness.

Kellogg Company reported unaudited consolidated earnings results for the first quarter ended March 30, 2013. For the quarter, the company reported net sales of $3,861 million compared to $3,440 million a year ago. Operating profit was $503 million compared to $527 million a year ago. The decline in underlying internal operating profit was largely due to the recognition of considerable cost-of-goods-sold inflation in the quarter. Income before income taxes was $436 million compared to $507 million a year ago. Net income attributable to the company was $311 million or $0.85 per diluted share compared to $351 million or $0.98 per diluted share a year ago. Net cash provided by operating activities was $338 million compared to $340 million a year ago. Additions to properties were $102 million compared to $63 million a year ago. Comparable operating profit was $577 million compared to $577.3 million a year ago. Comparable EPS was $0.99 compared to $1.08 a year ago. The company reaffirmed its guidance for full-year reported net sales growth of approximately 7%. Earnings per share growth, excluding the impact of mark-to-market accounting, is still expected to be between 5% and 7%. As a result, earnings excluding the impact of mark-to-market accounting and integration costs are still anticipated to be between $3.82 and $3.91 per share. The underlying tax rate for 2013 is still expected to be approximately 30% and it estimate for interest expense is between $230 million and $240 million. Annual cash flow is expected to be between $1.1 million and $1.2 billion, with capital spending still anticipated to be slightly more than 4% of sales.