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Stock Market & Financial Investment News

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August 6, 2014
17:01 EDTSJMJ.M. Smucker acquires Sahale Snacks
The J. M. Smucker Company announced the signing of a definitive agreement to acquire Sahale Snacks. Sahale is a leading manufacturer and marketer of premium, branded nut and fruit snacks, which are primarily sold in the U.S. under the Sahale Snacks brand. Sahale's net sales are projected to be approximately $50M for FY14, primarily in the club, convenience, and grocery retail channels. The acquisition includes a leased facility in Seattle, Washington, and will add approximately 150 employees to the company. The transaction, which is expected to close by the middle of September, is not anticipated to have a material impact on the company's FY15 financial results.
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September 17, 2014
10:48 EDTSJMHigh option volume stocks
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