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Stock Market & Financial Investment News

News Breaks
February 20, 2013
07:25 EDTKKellogg sees FY13 reported EPS up 5%-7%, consensus $3.87
Sees FY13 reported net sales up approximately 7%, consensus $15.28B. Sees FY cash flow $1.1B-$1.2B. Sees reported operating profit growth slightly higher than EPS growth. Sees "solid" sales growth in Q1, highest net inflation of the year. Long-term targets include: Internal net sales growth 3%-4%-, underlying operating profit growth 4%-6%, underlying currency-neutral EPS growth 7%-9%. Comments from slides that will be presented at CAGNY 2013.
News For K From The Last 14 Days
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January 15, 2015
05:35 EDTKKellogg completes acquisition of majority stake in Bisco Misr
Kellogg announced it has acquired a majority stake in Bisco Misr. This transaction advances Kellogg's global snacks business in growing emerging markets. Kellogg Company has agreed to pay EGP 89.86 per share for 85.93% of total outstanding Bisco Misr shares. Kellogg Company is financing the transaction with debt. Due to the size of Kellogg's percentage ownership, the company will consolidate Bisco Misr's results into its own.

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