Seeking Alpha

Annie's, Inc. (BNNY)

BNNY is defunct.
  • 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."
    • Source: Press Release
    • BNNY +37.4%, GIS +0.2% AH
Visit Seeking Alpha's
Company Description
Annie's Inc is a natural and organic food company. The Company has natural and organic market position in four product lines: macaroni and cheese, snack crackers, fruit snacks and graham crackers.