Hormel Foods to acquire maker of Muscle Milk sports nutrition products for $450M Hormel Foods announced that it has entered into a definitive agreement to acquire CytoSport Holdings, maker of Muscle Milk products. Total 2014 annual sales are expected to be approximately $370M. The purchase price is approximately $450M. Hormel Foods expects this acquisition to provide about 5c per share accretion in FY15, with a neutral impact to FY14 earnings, including transaction costs.
BMO Capital to hold a conference 10th Annual Farm to Market Conference is being held in New York on May 20-21 with webcasted company presentations to begin on May 20 at 8 am; not all company presentations may be webcasted. Webcast Link