MINNEAPOLIS, Oct. 6, 2014
/PRNewswire/ -- General Mills, Inc. (NYSE: GIS) announced that on
October 3, 2014, the U.S. Federal
Trade Commission granted early termination of the required waiting
period under the Hart-Scott-Rodino Antitrust Improvements Act of
1976, as amended. With the receipt of this clearance, the
condition of the announced tender offer for all issued and
outstanding shares of common stock of Annie's, Inc. (NYSE: BNNY) at
a price of $46.00 per share (the
"Offer") with respect to clearance under applicable antitrust and
competition laws has been completely satisfied.
The Offer remains subject to the satisfaction of certain other
conditions. The Offer is scheduled to expire at 12:00 midnight,
New York City time, at the end of
the day on Monday, October 20, 2014,
unless extended.
About Annie's
Headquartered in Berkeley, Calif., Annie's, Inc. is a rapidly
growing natural and organic food company with a widely recognized
brand. Founded in 1989, Annie's markets more than 145
products and is present in more than 35,000 retail locations in
the United States and Canada.
About General Mills
General Mills is one of the
world's leading food companies, operating in more than 100
countries around the globe. Its brands include Cheerios, Fiber One,
Haagen-Dazs, Nature Valley, Yoplait, Betty
Crocker, Pillsbury, Green Giant, Old El Paso, Wanchai Ferry, Yoki and more. Headquartered in
Minneapolis, Minn., USA, General
Mills had fiscal 2014 worldwide sales of $17.9 billion. General Mills acquired Small
Planet Foods and its Cascadian Farm and Muir Glen organic food
brands in January 2000. The LARABAR
line of fruit and nut-based snack bars was added to the portfolio
in 2008, and the Food Should Taste Good line of savory snacks was
added in 2012. Today, the company competes in 14 categories in the
fast-growing natural and organic industry, generating annual net
sales of approximately $330 million
in fiscal 2014.
Additional Information
This news release and the
description contained herein is neither an offer to purchase nor a
solicitation of an offer to sell shares of Annie's, Inc. A
solicitation and an offer to buy shares of Annie's, Inc. common
stock is being made pursuant to an offer to purchase and related
materials that General Mills and Sandy Acquisition Corporation, its
wholly owned subsidiary, have filed with the Securities and
Exchange Commission (the "SEC"). Annie's has also filed with
the SEC a Solicitation/Recommendation Statement on Schedule 14D-9
with respect to the tender offer. These documents contain important
information about the tender offer and stockholders of Annie's are
urged to read them carefully. Stockholders of Annie's may obtain a
free copy of these documents and other documents filed by Annie's,
General Mills or Sandy Acquisition Corporation with the SEC at the
website maintained by the SEC at www.sec.gov. In addition,
stockholders may obtain a free copy of these documents by
contacting MacKenzie Partners, Inc., the information agent for the
tender offer, toll-free at 800-322-2885 (or at +1-212-929-5500
collect if you are located outside the U.S. and Canada) or by email to
tenderoffer@mackenziepartners.com.
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SOURCE General Mills, Inc.