General Mills, Inc.(GIS)- NYSE
  • Thu, Jun. 30, 12:51 PM
    | Thu, Jun. 30, 12:51 PM | 16 Comments
  • Wed, Jan. 6, 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.
    | Wed, Jan. 6, 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
  • Feb. 13, 2012, 10:45 AM
    General Mills (GIS +0.6%) reportedly agrees to buy Brazil's Yoki for 2B reais ($1.16B) in a deal that would once again give GIS factories in Latin America's largest consumer market after a fire destroyed a pasta plant in 2007 and GIS sold a snack maker in 2009. Yoki has nine factories in Brazil, making snacks, juices and popcorn.
    | Feb. 13, 2012, 10:45 AM
  • May 20, 2011, 8:47 AM

    Sources say Ralcorp (RAH) has been shopping around its Post cereals division to GIS, PEP, K, BGS and even BX and KKR in recent weeks, but has found little interest in the ~$2B unit. It's questionable whether a sale would give RAH enough firepower to fend off ConAgra (CAG), but no sale means it will need to rely on its poison pill and legal red-tape to block the deal.

    | May 20, 2011, 8:47 AM