Rocky Mountain Chocolate Factory, Inc.(RMCF)- NASDAQ
  • Oct. 2, 2013, 3:11 AM
    • Archer Daniels Midland (ADM) is reportedly close to selling its cocoa business to Cargill in a deal that could be worth up to $2B.
    • The divestiture would further strengthen ADM's shift towards the grains industry as it completes its $3B acquisition of GrainCorp. The transaction would also reduce ADM's exposure to the lower profitability that's affecting the cocoa sector.
    • The deal would create a global price-setting giant to rival Zurich-based Barry Callebaut (BYCBF.PK), the world's biggest producer of industrial chocolate products. Cargill and Barry Callebaut would account for over 50% of world capacity.
    • Food producers that could be affected include MDLZ, HSY, RMCF, KRFT, NSRGY.PK.
    • ETF: NIB
    | Oct. 2, 2013, 3:11 AM | 1 Comment
  • Dec. 19, 2012, 9:03 AM

    The Rocky Mountain Chocolate takeover story gets weird. RMCF says it previously received an offer letter from PST Capital - it was handwritten, and misspelled the name of the Rocky Mountain Chairman. The return address was to a law firm which, when contacted, says it does not represent PST. The Schedule TO filed with the SEC has its own oddities - including a mailbox/shipping store return address. Shares +8.6% premarket. (PR)

    | Dec. 19, 2012, 9:03 AM | 1 Comment
  • Dec. 19, 2012, 8:00 AM

    Rocky Mountain Chocolate Factory (RMCF) gains 17.3% premarket to $12.43 (halted at the moment) after receiving a buyout offer from PST Capital for $13.50/share.

    | Dec. 19, 2012, 8:00 AM
Company Description
Rocky Mountain Chocolate Factory, Inc. engages in the manufacture of chocolate candies and confectionery products. Its products include include clusters, caramels, creams, mints, and truffles. It operates through the following segments: Franchising, Manufacturing, Retail Stores, U-Swirl... More
Industry: Confectioners
Country: United States