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Stock Market & Financial Investment News

News Breaks
August 22, 2014
09:01 EDTKRFT, GMCRKeurig Green Mountain, Kraft Foods announce licensing agreement
Keurig Green Mountain (GMCR) and Kraft Foods Group (KRFT) announced a multi-year licensing, manufacturing, and distribution agreement for Kraft’s branded coffees in Keurig portion pack formats compatible with Keurig consumer and commercial brewing systems in the U.S. Financial terms of the agreement were not disclosed. Keurig licensed Kraft-branded portion packs will begin to launch in fall 2014. Initially, both Kraft and Keurig will handle manufacturing for single-serving pods. Following a planned transition period, Keurig will become the exclusive manufacturer of Kraft-branded Keurig® packs using coffee sourced, roasted, and blended by Kraft.
News For GMCR;KRFT From The Last 14 Days
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July 7, 2015
05:54 EDTGMCRStocks with implied volatility movement; QIHU GMCR
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July 6, 2015
07:18 EDTGMCRKeurig Green Mountain price target lowered to $70 from $95 at SunTrust
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July 2, 2015
16:31 EDTKRFTKraft Heinz announces completion of merger
Kraft Heinz (KHC) announced the successful completion of the merger between Kraft (KRFT) and Heinz. As previously announced, Alex Behring will serve as chairman of the board, while Bernardo Hees will be CEO of the company. Effective as of the close of trading on July 2, Kraft Foods shares will cease trading on the NASDAQ. Kraft Heinz shares will begin trading on the NASDAQ under the trading symbol KHC on July 6. On July 31, Kraft Heinz will pay a cash dividend of 55c per share to all stockholders of record at the close of business on July 27. This dividend will be in lieu of the dividend declared on June 22 by Kraft to its shareholders of record as of July 27. The company said its immediate focus is on integrating the two businesses and establishing a new organizational structure, while delivering its financial objectives for 2015. The Heinz brand and business will remain headquartered in Pittsburgh and the Kraft brand and business will remain headquartered in the Chicago area.
July 1, 2015
09:25 EDTKRFTKraft Foods shareholders approve merger with H.J. Heinz
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June 30, 2015
07:39 EDTKRFTKraft Foods to host special shareholder meeting
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June 29, 2015
16:30 EDTKRFTKraft Heinz appoints Eduardo Pelleissone as SVP of Corporate, Government Affairs
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16:23 EDTKRFTKraft announces appointment of Matt Hill as Kraft Heinz Zone President of Europe
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16:19 EDTKRFTKraft Foods announces appointment of Paulo Basilio as CFO of Kraft Heinz
Effective upon the close of the merger transaction, Kraft Heinz appointed Paulo Basilio EVP and CFO. Basilio joined Heinz in June 2013 as CFO.
June 25, 2015
09:19 EDTGMCRKeurig Green Mountain price target lowered to $95 from $117 at BofA/Merrill
BofA/Merrill lowered Neutral rated Keurig Green Mountain's price target to $95 from $117 and lowered estimates to reflect 2016 spending and slower hot platform growth. The firm expects 2016 to be a significant investment year and lowered its hot brewer expectations due to a muted consumer reception for second generation brewers.
June 24, 2015
16:36 EDTKRFTKraft to pay $11.1M to CEO John Cahill to cover tax liability in merger
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