News For GMCR;SJM From The Last 14 Days
|December 15, 2014|
|06:38 EDT||GMCR||Keurig Green Mountain transferring coffee buying to Switzerland, Reuters says|
Keurig Green Mountain is moving a majority of its U.S. coffee buying operations to Switzerland, emulating its competitors, according to Reuters. The move will make the company "a global beverage player," Reuters quoted a Green Mountain spokeswoman as saying. Reference Link
|December 11, 2014|
|09:00 EDT||GMCR||Keurig Green Mountain announces expanded agreement with Caribou Coffee|
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|December 10, 2014|
|17:07 EDT||SJM||J.M. Smucker announces price increases on K-cup packs|
The J. M. Smucker Company announced that it is increasing the list price on its K-Cup packs sold in the United States under the Folgers, Folgers Gourmet Selections, Cafe Bustelo, and Millstone brand names. Prices will increase an average of 8%. The price increase, which will be effective on January 5, 2015, is in response to sustained increases in costs.
|11:41 EDT||GMCR||Green Mountain Coffee December calls active |
Green Mountain Coffee December weekly 140 calls are active on total call volume of 2,200 contracts, compared to its open interest of 395 contracts. December weekly call option implied volatility is at 57, December is at 37, January is at 32, March is at 33; compared to its 26-week average of 42 according to Track Data. Active call volume suggests traders taking positions for large near term price movement
|December 4, 2014|
|16:02 EDT||GMCR||Keurig Green Mountain to acquire Bevyz Global for $220M|
Keurig Green Mountain announced that it has entered into an agreement to acquire the outstanding equity of MDS Global Holding p.l.c. that it does not already own. The transaction is valued at approximately $220M in cash, based on exchange rates as of the close of business on December 3. Keurig currently owns approximately 15% of Bevyz on a fully diluted basis and will fund the acquisition with cash on hand. The transaction is subject to customary closing conditions and is expected to close in the next month. Following the acquisition, Bevyzís roughly 50 employees will become part of Keurigís technology and product systems teams and are expected to continue to be located primarily in the Netherlands and Malta. Keurig reiterated its FY15 and Q1 guidance provided in its November 19, earnings press release.
|16:01 EDT||GMCR||Keurig Green Mountain to acquire Bevyz Global for $220M|
|08:37 EDT||GMCR||Keurig Green Mountain acquires Laughing Man Coffee and Tea brand |
Keurig Green Mountain announced it has acquired the Laughing Man Coffee and Tea brand from Laughing Man Worldwide. Keurig will introduce Laughing Manís curated selection of gourmet coffees and teas to Keurig brand packs for use in Keurig brewers beginning in spring 2015. Financial terms of the agreement were not disclosed.