General Mills’ Annie’s Buy Lifts Natural Foods Makers

By | September 9, 2014

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Natural foods stocks rallied Tuesday despite the market downdraft, swept higher by General Mills’ (GIS) announcement that it will acquire Annie’s (BNNY) for $820 million. The natural snacks and packaged foods maker leapt 12.59, or 38%, to 46.10, its highest level in more than nine months. The news fueled speculation that other natural and organic foods companies could be buyout targets too. Hain Celestial Group (HAIN), whose products include Scalper1 News

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