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General Mills to acquire Annie’s

BY Ryan Chavis

BERKELEY, Calif. — Annie's, a natural and organic food company, will be acquired by General Mills for $46 per share for a total transaction of $820 million. The deal represents a 51% premium over Annie's 30-day average closing price of $30.47 as of Sept. 5. Annie's will remain headquartered in Berkeley, Calif.. 
 
"We are excited about this strategic combination, which will enable Annie's to expand the reach and breadth of our high-quality, great-tasting organic and natural products, provide new opportunities for our employees, realize greater efficiencies in our operations and maximize value for our stockholders," said John Foraker, CEO of Annie's. "Powerful consumer shifts toward products with simple, organic and natural ingredients from companies that share consumers' core values show no signs of letting up. Partnering with a company of General Mills' scale and resources will strengthen our position at the forefront of this trend, enabling us to more rapidly and efficiently expand into new channels and product lines in a rapidly evolving industry environment.
 
Annie's board of directors unanimously recommended that its stockholders accept the General Mills offer. General Mills will launch a tender offer within 10 business days to purchase all outstanding shares. The deal is expected to close later in the year. 
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FDA approves Sanofi Pasteur’s Menactra as a booster vaccine

BY Ryan Chavis

SWIFTWATER, Pa. — Sanofi Pasteur announced that the Food and Drug Administration approved the use of Menactra [meningococcal (groups A, C, Y and W-135) polysaccharide diphtheria toxoid conjugate vaccine] as a booster vaccination against meningococcal disease in people ages 15 years through 55 years. Meningococcal disease is a bacterial infection that affects 800 to 1,200 Americans each year, the company stated. 
 
The Centers for Disease Control and Prevention recommends routine administration of a meningococcal conjugate vaccine to adolescents ages 11 years through 18 years. The CDC specicially recommends one dose of vaccine at age 11 years or 12 years, with a booster shot at 16 years old to protect teens and young adults during a period when they are at an increased risk for contracting the disease. 
 
"The FDA's approval of the Menactra booster vaccination gives healthcare providers the option to use a meningococcal conjugate vaccine that is approved for both primary and booster immunization, which aligns with the CDC's recommendations for preventing cases of meningococcal meningitis," said David P. Greenberg, M.D., VP, U.S. scientific and medical affairs, Sanofi Pasteur. "With this approval, we hope healthcare providers are reminded to talk to their teen patients and their parents about the CDC's recommendations, ultimately helping to improve booster immunization rates for teens across the country."
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New Tony Ties hair ties take twist on classic combo

BY Antoinette Alexander

NEW YORK — Mia Beauty has incorporated the classic black and white duo into its new Tony Ties.

These no-tug hair ties are great for a quick ponytail, comfortable enough to wear all day and will not leave a crease in your hair, the company stated.

Not only will the new Tony Ties instantly update your ponytail, they even double as bracelets so you always have a hair tie when needed.
 
The new Mia Beauty Tony Ties are available for $7 at Bed Bath & Beyond, Harmon and Ulta Beauty stores.

 

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