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Diamond Foods reports quarterly dividend earnings of about $0.05 per share

BY Jenna Duncan

STOCKTON, Calif. Diamond Foods has announced approval by its board of directors of a $0.045 per common share payout.

The company has said that dividend funds will be payable Oct. 29, to stockholders on record as of Oct.16.

Diamond Foods recently completed a successful acquisition of Pop Secret brand microwave popcorn from General Mills, adding to its snack and nut empire. For more information on the company, visit. www.diamondfoods.com.

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Mars successfully completes acquisition of Wrigley

BY Jenna Duncan

MCLEAN, Va. Mars Inc. Monday announced the completion of its acquition of Wm. Wrigley Jr. Company. Mars has purchased all shares of Wrigley’s common stock as well as Class B common stock shares for $80 each in cash, a total of about $23 billion, the company said.

“We are excited to welcome Wrigley and its associates to our team,” Paul Michaels, president and chief executive officer of Mars, Inc. said in a press release “Mars and Wrigley share a culture of innovation, quality and integrity, as well as a focus on providing consumers with great-tasting products. The combination of our two strong international businesses, with best-in-class global brands, also creates one of the world’s leading confectionery companies.”

Mars, Inc. said that the Wrigley Company will remain a separate business keeping its headquarters in Chicago, but will operate as a subsidiary of Mars. Mars also plans to move its global non-chocolate confectionery brands to the Wrigley business, including such candies as Skittles, Starburst, Tunes and Rondo, as well as moving production from sites in Czech Republic, Mexico and other countries.

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Makers of artificial sweeteners upgrade textures to better mimic sugar

BY Jenna Duncan

LAKELAND, Fla. Producers of sweetening alternatives have been making greater strides as of late to assure that their products can imitate the melt-in-your-mouth texture of natural sugar, Internet reports said.

One example is Taste Advantage, a company that manufactures flavorings for alcoholic and ready-to-drink beverages. Taste Advantage has told reporters that its goal is to recreate the weight and texture that consumers of artificial sweeteners often have said they miss about sugar.

The company has been working on a closer-to-sugar sugar alternative for about two to three, reports said. Users have also reported that some sweeteners, have bitter or burning-like aftertastes, another dilemma for sweetener development.

Representatives from Taste Advantage have said that within the year they are set to release new, naturally-derived sweeteners that will more closely resemble the taste, texture and weight of real sugar.

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