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Stock Market & Financial Investment News

News Breaks
February 12, 2013
07:15 EDTBNNYAnnie's positive momentum should resume soon, says RBC Capital
RBC Capital says that, excluding the effects of Annie's pizza recall, the company's Q3 results were positive, with accelerating sales and higher than expected earnings. The firm expects the impact of the pizza recall to be temporary, and it maintains an Outperform rating on the stock.
News For BNNY From The Last 14 Days
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September 22, 2014
09:08 EDTBNNYGeneral Mills commences tender offer for Annie's for $46 per share
General Mills (GIS) announced that its direct wholly owned subsidiary, Sandy Acquisition Corporation, has commenced its previously announced tender offer for all outstanding shares of common stock of Annie's (BNNY) at a price of $46.00 per share, net to the seller in cash, without interest and less required withholding taxes. The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of September 8, 2014, by and among General Mills, Sandy Acquisition Corporation and Annie's, Inc., which General Mills and Annie's announced on September 8, 2014. The board of Annie's has unanimously determined that the offer is fair and advisable and in the best interests of Annie's and its stockholders, and recommends that the stockholders of Annie's accept the offer and tender their shares. The tender offer is scheduled to expire at the end of the day on October 20, 2014, unless extended.
September 17, 2014
11:11 EDTBNNYGeneral Mills crumbles after earnings miss, downgrade
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08:30 EDTBNNYGeneral Mills sees Annie's deal closing in CY14
General Mills (GIS) says sees Annie's (BNNY) deal accretive in first 12 months after closing. Says on pace to achieve $4B of cumulative savings from 2010-2020. Sees $400M of cumulative savings in FY15. Says top priority for FY15 is accelerating net sales growth. Comments from slides that will be presented on the Q1 earnings conference call.

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