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News Breaks
February 1, 2013
12:33 EDTCBRL, KRFT, SFDCracker Barrel sued by Kraft over product sales, Reuters reports
Cracker Barrel (CBRL) is being sued by Kraft (KRFT) over its decision to start selling certain Cracker Barrel-branded products outside out of its restaurants and stores, Reuters reports. Kraft wants Cracker Barrel's license agreement with the John Morrell Food Group, part of Smithfield Foods (SFD), to be declared void as it violates its rights to the Cracker Barrel brand. Reference Link
News For KRFT;CBRL;SFD From The Last 14 Days
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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
18:04 EDTCBRLS&P announces changes to the S&P 400, 600 indices
S&P SmallCap 600 constituent Cracker Barrel Old Country Store (CBRL) will replace Dresser-Rand Group (DRC) in the S&P MidCap 400, and Marten Transport (MRTN) will replace Cracker Barrel Old Country Store in the S&P SmallCap 600 after the close of trading on Wednesday, July 1. Siemens AG (SIEGY) is acquiring Dresser-Rand Group in a deal expected to be completed soon.
17:18 EDTCBRLMarten Transport to replace Cracker Barrel in S&P 600 as of 7/1 close
17:18 EDTCBRLCracker Barrel to replace Dresser-Rand in S&P 400 as of 7/1 close
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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 24, 2015
16:36 EDTKRFTKraft to pay $11.1M to CEO John Cahill to cover tax liability in merger
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June 23, 2015
08:41 EDTCBRLCracker Barrel sees three year operating income/EPS CAGR 7%-8%
Expects to realize $50M of annual cost reductions by FY17. Sees three-year operating income/EPS CAGR of 7%-8%. Targeting 100bps margin improvement by FY17. Says "committed" to shareholder return. Says YTD results are strong, with comparable store traffic increased 1.8%, comparable store restaurant sales increased 5.2% and comparable store retail sales increased 4.5% compared to the prior-year Q3. Says adjusted YTD EPS increased 21% over prior year period. Sees about 4% annual top line growth from FY14-FY17, with annual SSS traffic flat to up 0.5%, retail SSS up 2%-3%, new unit growth about 1.5%. Expects total price increases over the next three years of 2%-3% annually. Comments from slides that will be presented at the Oppenheimer 15th Annual Consumer Conference.
07:15 EDTCBRLOppenheimer to hold a conference
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June 22, 2015
17:32 EDTKRFTKraft Foods announces conditional special cash dividend of $16.50 per share
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