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General Mills Selling Green Giant Brand to B&G Foods for $765 Million
2015-09-05 12:54:23| Food - Topix.net
General Mills has announced plans to sell its vegetable brands Green Giant and Le Sueur to B&G Foods for $765 million, reports USA Today . The all-cash transaction will enable General Mills to place more emphasis on growing its business in other brands, categories, and geographic areas with the most profit potential.
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General Mills Raised to Buy at Zacks
2015-09-04 10:02:25| Agriculture - Topix.net
The firm presently has a $64.00 price target on the stock. Zacks 's target price points to a potential upside of 12.64% from the stock's current price.
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B&G Foods to acquire General Mills frozen and canned vegetables brands
2015-09-04 01:00:00| Food Processing Technology
US-based B&G Foods has agreed to acquire General Mills' frozen and canned vegetables brands Green Giant and Le Sueur for $765m.
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General Mills selling Green Giant, Le Sueur for $765M
2015-09-03 16:13:59| Food - Topix.net
" General Mills is selling its Green Giant and Le Sueur vegetable businesses to B&G Foods Inc. for about $765 million in cash. The company has been trying to adapt to shifting U.S. tastes, including a move away from many packaged foods.
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B&G Foods to buy Green Giant, Le Sueur from General Mills in $765 million deal
2015-09-03 16:13:58| Food - Topix.net
B&G Foods expects the deal to close in the fourth quarter and to immediately boost earnings per share and free cash flow. "The acquisition marks our entry into the frozen food category, which we believe will open many future growth opportunities," Chief Executive Robert Cantwell said in a statement.
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