• Sep. 8, 2014, 5:11 PM
    • General Mills (NYSE:GIS) boosts its organic and natural foods offerings with an agreement to purchase Annie's (NYSE:BNNY) for $46 per share in cash. The deal will be funded through available credit and the purchase is expected to be accretive to earnings in year one.
    • General Mills CEO Jeff Harmening: "We believe that combining the Annie's product portfolio and go-to-market capabilities with General Mills' supply chain, sales and marketing resources will accelerate the growth of our organic and natural foods business."
    • BNNY +37.4%, GIS +0.2% AH
    Sep. 8, 2014, 5:11 PM | 5 Comments