This is net to the seller in cash, without interest and less required withholding taxes. The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of 8 September 2014, by and among General Mills, Sandy Acquisition Corporation and Annie’s Inc.
The board of directors of Annie’s has unanimously determined that the offer is fair and advisable and in the best interests of Annie’s and its stockholders, and recommends that the stockholders of Annie’s accept the offer and tender their shares.
The tender offer is scheduled to expire at 12:00 midnight, New York City time, at the end of the day on 20 October 2014, unless extended.
Complete terms and conditions of the tender offer are set forth in the Offer to Purchase, Letter of Transmittal and other related materials that will be filed by General Mills and Sandy Acquisition Corporation with the SEC on 22 September 2014.
In addition, on 22 September 2014, Annie’s will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC relating to the offer.
Source: General Mills
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