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News Breaks
June 19, 2014
10:11 EDTGISGeneral Mills volatility flat into Q4 and outlook
General Mills July call option implied volatility is at 15, October and January is at 13; compared to its 26-week average of 15 according to Track Data, suggesting non-directional price movement into the expected release of Q4 results on June 25.
News For GIS From The Last 14 Days
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October 1, 2014
06:41 EDTGISGeneral Mills says Chief Marketing Officer Mark Addicks to retire in 2015
General Mills said yesterday that Mark Addicks, senior vice president and chief marketing officer, has announced plans to retire in 2015 after a 26-year career with the company. Ann Simonds, the current president of General Millsí Baking Products division, will succeed Addicks as chief marketing officer.Addicks, who had previously informed the company of his plans, will work to transition responsibilities to Simonds over a period of several months, beginning Nov. 1.
06:27 EDTGISGeneral Mills sees cutting 700-800 jobs in connection with Project Catalyst
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September 22, 2014
09:08 EDTGISGeneral 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 18, 2014
17:31 EDTGISGeneral Mills pursuing several multi-year restructuring initiatives
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08:38 EDTGISGeneral Mills weakness provides compelling opportunity, says BMO Capital
After General Mills reported lower than expected Q1 EPS, BMO Capital thinks the weakness was overdone and has created a compelling entry point for investors. The firm is upbeat about various strategies the company is employing, including growing its Small Planet Foods unit and accelerating its new product launches. It keeps a $56 price target and Outperform rating on the shares.

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