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Stock Market & Financial Investment News

News Breaks
July 14, 2014
06:27 EDTHSY, MDLZ, RMCFLindt & Sprüngli acquires Russell Stover Candies
The Lindt & Sprüngli Group is acquiring the traditional U.S. family business Russell Stover Candies, headquartered in Kansas City, Missouri. Lindt & Sprüngli is financing the acquisition through net cash resources and bank loans and expects the transaction to make a strong positive contribution to the earnings per share from 2015 onwards. It has been agreed not to disclose the purchase price and other contractual details. Other companies that are in the confectionary industry in North America include Hershey (HYS) Rocky Mountain Chocolate (RMCF) and Mondelez (MDLZ). Reference Link
News For HSY;RMCF;MDLZ From The Last 14 Days
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February 27, 2015
07:53 EDTMDLZKraft, Mondelez, others give statements at CAGNY conference, The Deal says
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05:18 EDTMDLZMondelez agrees to sell interests in Japanese coffee JV to partner Ajinomoto
Mondelez announced that, as part of its ongoing efforts to further focus its portfolio on snacking products, it has reached an agreement to sell its 50% interest in Ajinomoto General Foods, or AGF, to its joint venture partner, Ajinomoto. AGF manufactures and sells instant, ground and liquid coffee products as well as other beverages in Japan under brands mainly licensed by Mondelez International, including Blendy and Maxim. Upon closing of the stock purchase agreement, Mondelez International will receive pre-tax cash proceeds of Y27B. The AGF transaction is scheduled to close by the end of April, subject to limited closing conditions. The stock purchase agreement with Ajinomoto will not have any impact on the proposed JDE transaction, which is expected to close later this year. In 2013, AGF generated more than Y100B in net revenue. It has 700 full-time employees and two factories in Gunma and Suzuka, Japan.
February 26, 2015
16:52 EDTHSYHershey announces Patricia Little as CFO
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07:27 EDTMDLZExecutives' Club of Chicago to hold a breakfast meeting
Chicago CEO Breakfast Meeting with Guest Speaker Irene Rosenfeld, Chairman & CEO, of Mondelez International, who discusses "Leading in Turbulent Times" is being held in Chicago on February 26 at 8:15 am.
February 25, 2015
09:03 EDTMDLZMondelez acquires Betabox start-up
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February 19, 2015
14:28 EDTHSYHershey says still tracking towards 2019 International sales target of $2B
14:27 EDTHSYHershey targets long-term adjusted EPS growth 9%-11%
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14:25 EDTHSYHershey targets 2017 net sales of $10B
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February 18, 2015
15:25 EDTHSYHershey intends to move to simple, easy-to-understand ingredients
Hershey announced it is beginning a transition to simple and easy-to-understand ingredients. “We will strive for simplicity with all of our ingredients, but we may not achieve it with every product. This is a journey and it will take time. We are equally committed to sharing what we achieve and what we don’t. For ingredients that may not be as simple, we will explain what they are and why we need them to provide the great flavors, aromas, textures and appearances that our consumers know and love,” said CEO John Bilbrey. In 2015, Hershey plans to introduce in the U.S. new products that will feature a lineup of simple ingredients and transition some of its most popular chocolate brands, including Hershey’s Kisses Milk Chocolates and Hershey’s Milk Chocolate Bars, to simpler ingredients, the company said.
15:04 EDTHSYHershey sees FY15 adjusted EPS $4.30-$4.38, consensus $4.36
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14:59 EDTHSYHershey affirms view of FY15 net sales up 5.5%-7.5%, consensus $7.88B
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14:56 EDTHSYHershey announces $250M share repurchase authorization
Hershey announced that its board has approved an additional $250M stock repurchase authorization to repurchase shares of its common stock. Purchases under the new authorization will commence after the current program is completed. Hershey is authorized to purchase its outstanding shares in open market and privately negotiated transactions. The program has no expiration date and acquired shares of the common stock will be held as treasury shares. Similar to prior programs, approved share repurchase authorizations are in addition to Hershey’s practice of buying back shares sufficient to offset those issued under incentive compensation plans.
February 17, 2015
08:14 EDTMDLZMondelez backs FY15 adjusted EPS growth in double digits, consensus $1.75
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08:13 EDTMDLZMondelez says supply chain on track to deliver $3B in gross productivity savings
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08:12 EDTMDLZMondelez backs long-term target of double digit adjusted EPS growth
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07:15 EDTMDLZ, HSYConsumer Analyst Group of New York (CAGNY) to hold a conference
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February 16, 2015
12:19 EDTMDLZMondelez acquires Enjoy Life Foods, terms undisclosed
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