General Mills Completes Annie's Acquisition
General Mills, Inc. announces that its tender offer to purchase all issued and outstanding shares of common stock of Annie's, Inc. at a price of $46.00 per share was successful and that it has completed its acquisition of Annie's, effective as of October 21, 2014.
The tender offer expired at 12:00 midnight, New York City time, at the end of the day on Monday, October 20, 2014. The depositary for the tender offer has advised that, as of such time, a total of 14,481,203 shares were validly tendered and not withdrawn in the tender offer, representing approximately 84 percent of Annie's outstanding shares. In addition, Notices of Guaranteed Delivery have been delivered with respect to 1,249,377 shares that have not yet been tendered, representing approximately 7 percent of Annie's outstanding shares. General Mills has accepted for payment all validly tendered shares.
General Mills and Annie's subsequently completed the acquisition by merging a subsidiary of General Mills with and into Annie's, with Annie's surviving the merger as a wholly owned subsidiary of General Mills. Annie's shares ceased trading on the NYSE at the close of market October 20, 2014.
The tender offer expired at 12:00 midnight, New York City time, at the end of the day on Monday, October 20, 2014. The depositary for the tender offer has advised that, as of such time, a total of 14,481,203 shares were validly tendered and not withdrawn in the tender offer, representing approximately 84 percent of Annie's outstanding shares. In addition, Notices of Guaranteed Delivery have been delivered with respect to 1,249,377 shares that have not yet been tendered, representing approximately 7 percent of Annie's outstanding shares. General Mills has accepted for payment all validly tendered shares.
General Mills and Annie's subsequently completed the acquisition by merging a subsidiary of General Mills with and into Annie's, with Annie's surviving the merger as a wholly owned subsidiary of General Mills. Annie's shares ceased trading on the NYSE at the close of market October 20, 2014.