General Mills Buying Annie's for 46 Dollars in Cash

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General Mills
GIS
announced a deal after the close yesterday to acquire organic and natural food maker Annie's
BNNY
for $46 per share in cash. The news sent shares of BNNY up nearly 38 percent so far today, trading at 48.18. Shares of Hain Celestial
HAIN
are trading higher as well, up 2.90 percent at 100.60, likely in sympathy with BNNY. Amira Nature Foods
ANFI
were trading 3 percent higher at the best levels of the day, although they have pulled back since to up.42 percent at 19.03.
Posted In: NewsMarkets
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