• Dec. 14, 2016, 5:10 PM
    Dec. 14, 2016, 5:10 PM | 1 Comment
  • Nov. 8, 2016, 2:58 PM
    • Food stocks are getting gobbled after a report circulates indicating that 3G is prepping for another acquisition.
    • Sources tell Brazil Journal that 3G is raising between $8B and $10B for the new deal.
    • Gainers on the day include Mondelez International (MDLZ +4%), G. Will Food-International <<WILC,>> Kraft Heinz (KHC +2.8%), Pilgrim's Pride (PPC +2.9%), Lifeway Foods (LWAY +1.2%), Pinnacle Foods (PF +0.8%), Tyson Foods (TSN +1.4%), Seneca Foods (SENEB), Campbell Soup (CPB +3.6%), General Mills (GIS +3%), Kellogg (K +2.8%), Flower Foods (FLO +1.4%) and J.M. Smucker (SJM +1.1%).
    • The PowerShares Dynamic Foods & Beverage ETF (NYSEARCA:PBJ) is up 1.93% on the day.
    Nov. 8, 2016, 2:58 PM | 41 Comments
  • Jun. 30, 2016, 12:51 PM
    Jun. 30, 2016, 12:51 PM | 16 Comments
  • Jan. 6, 2016, 1:38 PM
    • General Mills (GIS -0.2%) announces it acquired EPIC Provisions for an undisclosed amount.
    • The deal will give the company a larger presence in the premium meat snacks category.
    • EPIC will be run out of the Annie's division.
    Jan. 6, 2016, 1:38 PM | 8 Comments
  • Sep. 3, 2015, 9:58 AM
    • General Mills (GIS +0.7%) announces it will sell its Green Giant and Le Sueur business to B&G Foods (BGS +11.3%) for $765M.
    • The company will retain the Green Giant business in Europe under a licensing agreement with B&G.
    • Cash from the sale will go toward debt reduction and buybacks.
    • A plan to offload Green Giant was reported earlier this year.
    Sep. 3, 2015, 9:58 AM | 12 Comments
  • Aug. 27, 2015, 4:05 PM
    • B&G Foods (NYSE:BGS) is having discussion about acquiring the Green Giant business of General Mills (NYSE:GIS), according to Reuters.
    • Earlier this year, reports indicated Green Giant was on the selling block.
    • Both stocks accelerated into the close along with the broad market.
    Aug. 27, 2015, 4:05 PM
  • Aug. 19, 2015, 11:38 AM
    • Large food companies need to focus on bold M&A and innovation actions over recharging iconic brands, concludes Rabobank in a new report on the sector.
    • A shift in consumer preferences has sparked a need to introduce new brands which are on trend - instead of focusing on "innovation-lite" and product reformulation strategies. Buying promising brands at an earlier stage than normal is seen as a forward-thinking strategy.
    Aug. 19, 2015, 11:38 AM | 22 Comments
  • Jul. 21, 2015, 2:29 AM
    • French food group Bonduelle is looking to team up with Centerview Partners in a bid to acquire General Mills' (NYSE:GIS) Green Giant vegetable business, sources told Reuters.
    • General Mills reportedly hired investment bank Rothschild to explore a sale of Green Giant in March. The unit has approximately $700M in annual revenue.
    Jul. 21, 2015, 2:29 AM
  • Mar. 12, 2015, 9:52 AM
    • Pinnacle Foods (PF +1%) could be the buyer of Green Giant, according to Credit Suisse.
    • A report from Reuters yesterday tipped off that General Mills (GIS +1.1%) is taking offers for the frozen food brand.
    Mar. 12, 2015, 9:52 AM | 1 Comment
  • Mar. 11, 2015, 9:52 AM
    • General Mills (GIS) is looking to sell frozen food brand Green Giant, according to Reuters.
    • Sources say the company has hired an advisor to assist it in the process.
    • Frozen food sales in the U.S. have faltered as consumers have spent more on fresh and organic choices.
    Mar. 11, 2015, 9:52 AM | 11 Comments
  • Jan. 29, 2015, 11:03 AM
    • The powerful rally in the Swiss Franc has given more M&A firepower to multinationals based in the nation, notes Bloomberg.
    • The food industry could see one of the first deals if an emboldened Nestle (OTCPK:NSRGY) decides to make a run at General Mills (GIS -1.9%).
    • A combination of Nestle and General Mills has been floated around by analysts before due to the powerful synergies that could be struck between the food giants.
    Jan. 29, 2015, 11:03 AM | 7 Comments
  • 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
  • May 27, 2014, 7:28 AM
    • A $6.4B offer by Pilgrim Pride's (PPC) to buy Hillshire Brands (HSH) could rattle the food sector.
    • For starters, the deal could spoil Hillshire's offer on the table to buy Pinnacle Foods (PF).
    • The quick analyst take on a PPC-HSH combination is favorable with the companies focused in different areas (chicken vs. packaged meat) which could lead to easy access to new distribution channels.
    • Premarket: HSH +22.9% to $45.49, PF -5.3% to $31.50.
    • Also on merger watch in the food sector: THS, SJM, GIS, KRFT, CPB, ADM, BGS, RAH, HAIN, K CAG
    May 27, 2014, 7:28 AM | 2 Comments
  • May 12, 2014, 7:13 AM
    • A merger between Hillshire Brands and Pinnacle Foods could kickstart the consolidation frenzy in the food industry analysts have been forecasting.
    • The sector has been tapped to see a high rate of mergers and buyouts due to the significant synergies that could be unleashed through combinations.
    • On watch: THS, SJM, GIS, KRFT, CPB, ADM, BGS, RAH, HAIN, K, CAG
    May 12, 2014, 7:13 AM | 1 Comment
  • May 24, 2012, 10:06 AM

    General Mills (GIS +0.7%) buys Brazilian firm Yoki Alimentos for 1.75B reais ($857M) in a deal that will help the company increase its presence in Latin American food markets. As part of the arrangement, the company will assume 200M reais ($98M) in outstanding debt.

    May 24, 2012, 10:06 AM
  • Feb. 29, 2012, 6:10 PM
    General Mills (GIS) is acquiring natural snack foods company Food Should Taste Good for an undisclosed sum. The company will be added to General Mills' natural/organic foods business, which includes the Cascadian Farm, Muir Glen, and LÄRABAR brands. The acquisition is part of a broader trend among large foodmakers to expand their offerings of high-margin "healthy" food and drink items. Feb. 29, 2012, 6:10 PM | 1 Comment