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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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April 17, 2015
06:18 EDTHSYHershey removed from US Focus List at Citigroup
Citigroup removed Hershey from its US Focus List saying it does not expect the company's Q1 results to be a catalyst for shares given the "weak" macro environment for packaged foods. The firm, however, still likes Hershey shares and expects margins and earnings to accelerate following Q1. It keeps a Buy rating on the stock with a $120 price target.
April 6, 2015
13:52 EDTMDLZIndia imposes $88M tax fine on Cadbury, Reuters says
Indian tax authorities have imposed an $88M fine on Mondelez' Cadbury unit, reports Reuters, citing government officials. The government claims Cadbury misused a "tax holiday" strategy for a factory in Himachal Pradesh. Mondelez India said its tax exemptions for the period are legal, noting that "the issue is one of interpretation." Reference Link
April 5, 2015
12:30 EDTRMCFU-Swirl announces Master Licensing Agreement for province of Ontario
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