Expanding Partnerships, Release of Statements on Transactions, and New Products in the Line-Up - Analyst Notes on Keurig, Hillshire Brands, Tyson Foods, Sanderson Farms and Annie's
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NEW YORK, June 20, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Keurig Green Mountain, Inc. (NASDAQ: GMCR), The Hillshire Brands Company (NYSE: HSH), Tyson Foods Inc. (NYSE: TSN), Sanderson Farms, Inc. (NASDAQ: SAFM) and Annie's, Inc. (NYSE: BNNY). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3936-100free.
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Keurig Green Mountain, Inc. Analyst Notes
On June 10, 2014, Keurig Green Mountain, Inc. (Keurig) announced that it has partnered with SUBWAY® restaurant chain to bring Keurig's single serve brewers to thousands of SUBWAY's North American locations. According to the Company, the Keurig K150 brewer expands the restaurants' hot beverage options, providing freshly brewed coffee on demand. Currently, more than half of the SUBWAY restaurants in the US and Canada have adopted a Keurig® system. John Whoriskey, President for US Sales and Marketing of Keurig said, "Keurig® brewers offer quality and convenience, which are key advantages as SUBWAY restaurants look to provide customers with a consistently high-quality cup of coffee brewed fresh no matter the time of day - not just at breakfast. Keurig® brewers help SUBWAY franchisees simplify operations by eliminating the need for separate brewing of regular, decaffeinated and flavored coffee, reducing waste and clean-up of unconsumed coffee." The full analyst notes on Keurig are available to download free of charge at:
http://www.analystsreview.com/Jun-20-2014/GMCR/report.pdf
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The Hillshire Brands Company Analyst Notes
On June 16, 2014, The Hillshire Brands Company (Hillshire Brands) announced that its board of directors has unanimously decided to withdraw its recommendation of the pending acquisition of Pinnacle Foods Inc. (Pinnacle Foods). According to the Company, in relation to the previously disclosed $63.00 per share all-cash unilaterally-binding proposal from Tyson Foods, Inc. to acquire Hillshire Brands, and after consultation with outside legal counsel, the Hillshire Brands board in good faith determined that it would be inconsistent with their duties as directors of Hillshire Brands to fail to withdraw its recommendation of the Pinnacle Foods acquisition. The board of Hillshire Brands now recommends a vote against the Pinnacle Foods transaction, and this change in recommendation may result in Pinnacle Foods terminating the merger agreement in accordance with the terms of the merger agreement. The full analyst notes on Hillshire Brands are available to download free of charge at:
http://www.analystsreview.com/Jun-20-2014/HSH/report.pdf
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Tyson Foods Inc. Analyst Notes
On June 16, 2014, in relation to the withdrawal of The Hillshire Brands Company's Board of Directors from its recommendation in favor of the May 12, 2014 merger agreement with Pinnacle Foods (the Pinnacle Agreement), Tyson Foods Inc. (Tyson Foods) released a statement, stating that based on its understanding of the Pinnacle Agreement, Pinnacle Foods may now immediately terminate this agreement and accept a $163 million fee, or it may insist Hillshire Brands conduct a shareholder meeting to vote on a transaction that the Hillshire Brands Board has now recommended against. "We believe our offer to acquire Hillshire Brands for $63 per share in cash is a superior proposal for Hillshire Brands shareholders," said Donnie Smith, President and CEO of Tyson Foods. "We're pleased the Hillshire Board has withdrawn its recommendation in favor of the Pinnacle Agreement, and now recommends the Tyson Foods offer, all as expressly authorized by the Pinnacle Agreement. We hope Pinnacle Foods will promptly accept the termination fee and not delay the ability of Hillshire Brands' shareholders to benefit from Tyson Foods' superior offer." The full analyst notes on Tyson Foods are available to download free of charge at:
http://www.analystsreview.com/Jun-20-2014/TSN/report.pdf
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Sanderson Farms, Inc. Analyst Notes
On June 17, 2014, Sanderson Farms, Inc.'s (Sanderson Farms) stock rose 1.41%, ending the day at $95.35. Over the previous three trading sessions, shares of Sanderson Farms climbed 2.19%, compared to the Nasdaq Composite which increased 0.92% during the same period. The full analyst notes on Sanderson Farms are available to download free of charge at:
http://www.analystsreview.com/Jun-20-2014/SAFM/report.pdf
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Annie's, Inc. Analyst Notes
On June 10, 2014, Annie's, Inc. (Annie's) announced four new additions to its Bernie's Farm product line, which includes Animal Cookies, Cheddar Crackers, Fruit Snacks and a Microwavable Macaroni & Cheese Cup. According to Annie's, underscoring the Company's dedication to farmers and mission to connect kids to real food, the new products feature playful barnyard shapes, such as farm animals, tractors and carrots. The Company has stated that the new brightly colored cookies, crackers and fruit snacks are colored with fruit and vegetable extracts such as beet, blueberry and carrot. "Our goal is to help kids understand where their food comes from, and our Bernie's Farm products are a fun way to make that connection by showcasing life on the farm," said Sarah Bird, Chief Mom Officer for Annie's. The full analyst notes on Annie's are available to download free of charge at:
http://www.analystsreview.com/Jun-20-2014/BNNY/report.pdf
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