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Stock Market & Financial Investment News

News Breaks
January 11, 2013
08:22 EDTGIS, HNZ, MDLZ, HSY, POST, SJM, CPBFood sector downgraded to Neutral from Attractive at Goldman
Goldman reduced its view on the Food sector due to valuation and challenging fundamentals. The firm downgraded General Mills (GIS) to Sell from Neutral, J.M. Smucker (SJM) to Neutral from Buy, and removed Campbell Soup (CPB) from its Conviction Buy List.
News For GIS;HNZ;MDLZ;HSY;POST;SJM;CPB From The Last 14 Days
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September 9, 2014
10:12 EDTGISNatural food makers rise following Annies acquisition
Shares of a number of natural food makers are climbing after one of the companies in the sector, Annies (BNNY), announced last night that it agreed to be acquired by General Mills (GIS). In a note to investors today, research firm Oppenheimer wrote that the deal should cause the valuations of two natural food makers, Boulder Brands (BDBD) and WhiteWave (WWAV), to rise in the near-term. WHAT'S NEW: General Mills last night said that it had agreed to buy Annie's for $46 per share in cash, or $820M. Annies' stock closed yesterday at $33.51. General Mills expects the transaction to be accretive to its earnings in the first 12 months following the completion of the deal. ANALYST REACTION: In a note to investors today, Oppenheimer analyst Rupesh Parikh wrote that the acquisition of Annie's could cause the valuations of stocks in the natural foods sector to rise significantly. The terms of the acquisition of Annies imply a nearly 40x P/E multiple to consensus FY15 forecasts for the company, according to Parikh. The shares of Boulder Brands and WhiteWave should advance in the near-term, added the analyst, who kept Outperform ratings on both names PRICE ACTION: In early trading, WhiteWave rose 3.9% to $37.10, while Boulder Brands jumped 7.6% to $14.25. Another stock in the sector, Hain Celestial (HAIN), advanced 3.5% to $101.17, while Annies surged 37% to $46 and General Mills slipped 0.5% to $53.26.
09:12 EDTGISOn The Fly: Pre-market Movers
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08:02 EDTGISBoulder Brands WhiteWave Foods could be lifted by Annie's deal, says Oppenheimer
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06:11 EDTGISAnnie's volatility expected to move on being acquired by General Mills for $820M
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06:10 EDTGISGeneral Mills acquisition a logical long-term move, says Deutsche Bank
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September 8, 2014
18:31 EDTGISOn The Fly: After Hours Movers
UP AFTER EARNINGS: Casey's General Stores (CASY), up 3.6%... Korn/Ferry (KFY), up 2.8%. ALSO HIGHER: Annies (BNNY), up 37.3% after General Mills (GIS) announced it will acquire the company for $46 per share... General Mills is trading just under 1% higher... Following the Annies/General Mills announcement, Hain Celestial Group (HAIN) is 3.6% higher, WhiteWave Foods (WWAV) is up 6.3%, and Boulder Brands (BDBD) is up 8.7%... iPass (IPAS), up 35.1% after announcing that it is exploring strategic alternatives... CTI BioPharma (CTIC), up 8.1% after being initiated with an Overweight at Piper Jaffray... Threshold Pharmaceuticals (THLD), up 5% after being initiated with a Buy at Cantor. DOWN AFTER EARNINGS: Pep Boys (PBY), down 6.7% following second quarter miss. ALSO LOWER: Pinnacle Foods (PF), down 3.7% after filing an automatic common stock shelf and announcing the sale of 15M shares of common stock for holders... Physicians Realty Trust (DOC), down 4.9% after offering 9M common shares.
17:50 EDTGISFood product stocks higher after General Mills acquires Annie's
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17:31 EDTGISGeneral Mills sees Annie's acquisition accretive in 12 months after completion
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17:17 EDTGISAnnie's up over 37% after General Mills to buy company for $46 per share
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17:05 EDTGISGeneral Mills to buy Annie's for $46 per share in cash
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17:02 EDTGISGeneral Mills to buy Annie's for $46 per share in cash
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16:18 EDTCPBOn The Fly: Closing Wrap
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09:39 EDTCPBCampbell Soup continues to evaluate M&A targets
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09:12 EDTCPBOn The Fly: Pre-market Movers
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09:07 EDTCPBCampbell Soup sees stronger performance in Q1 than Q2 in FY15
Sees FY15 gross margin percentage "comparable" y/y.
08:48 EDTCPBCampbell Soup says long-term growth targets 'achievable'
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07:24 EDTCPBCampbell Soup likely not an acquisition target, WSJ reports
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07:19 EDTCPBCampbell Soup sees FY15 growth below long-term targets for sales, earnings
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07:17 EDTCPBCampbell Soup sees FY15 EPS $2.45-$2.50, consensus $2.57
Sees FY15 net sales up 1%-2%, consensus $8.35B. Sees FY15 adjusted EBIT flat to up 2%.
07:16 EDTCPBCampbell Soup reports Q4 adjusted continuing ops EPS 49c, consensus 49c
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