Annie's to be acquired by General Mills for approximately $820 million
Annie's Inc., a natural and organic foods company, has agreed to be acquired by General Mills, Inc. for $46.00 per share in cash, for a total transaction value of approximately $820 million. The purchase will allow Annie's to enter a new phase of growth and success and maximize value for stockholders. Annie's will continue to be headquartered in Berkeley, CA.
With General Mills’ intention to purchase Annie’s Inc., Berkeley, CA, John Foraker, CEO of Annie’s, is optimistic about the company’s growth.