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General Mills Expands Further Into Healthful Foods With Annie’s Acquisition

September 8, 2014: 12:00 AM EST
With its breakfast cereals business sliding, General Mills has decided to increase its presence in the natural and organic foods aisle. The company announced it is buying Annie’s Inc., maker of pastas, snacks, snack and meal kits, dressings, condiments and frozen foods. General Mills will pay $46 a share in the all-cash deal, a 37 percent  premium to the closing price before the deal was announced. General Mills has been making acquisitions to increase its portfolio of health foods for more than a decade.
Julie Jargon, "General Mills to Buy Natural Foods Company Annie's", The Wall Street Journal, September 08, 2014, © Dow Jones & Company, Inc.
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