Meijer raises $1.2 million through Simply Give campaign
GRAND RAPIDS, Mich. — Meijer customers donated more than $510,000 during the holiday Simply Give campaign, helping food pantries throughout the Midwest restock their shelves. That commitment to supporting hungry families, combined with a donation from Meijer, raised the holiday campaign total to more than $1.2 million, making it the most successful campaign since Simply Give began in November 2008, the grocer reported.
“We cannot thank our customers, team members and pantry partners enough for continuing to rise to the challenge and help us feed hungry families in the communities we serve,” stated Doug Meijer, co-chairman Meijer. “It’s truly inspiring to see this level of engagement, especially as we celebrated Simply Give’s five-year milestone this holiday season.”
The Grand Rapids, Mich.-based retailer began its Simply Give program as a way to help local food pantries throughout the Midwest achieve their missions of feeding hungry families.
Thanks to the holiday campaign that ended earlier this month, the Simply Give program has generated nearly $8 million for those partners to distribute to hungry families. And, more importantly, those meals stay local, noted Janet Emerson, EVP retail operations for Meijer.
“We know how important it is to our customers that their generous donations remain in their local communities,” Emerson said. “That’s why each of our stores partner with a local food pantry during the Simply Give campaigns.”
During the Simply Give program, which runs three times a year, customers are encouraged to purchase $10 Meijer Food Pantry Donation Cards that are then converted into Meijer food-only gift cards and given to the food pantry selected by the store.
Gain reveals new detergent product
CINCINNATI — Procter & Gamble’s Gain brand is now offering consumers Gain flings!, a single-use laundry pac. The detergent is available in two varieties, Original Scent and Moonlight Breeze — a new scent that Gain is adding to its laundry portfolio. The product will launch during the 56th Annual Grammy Awards.
“We are continually inspired by the passion of our Gain fans – or Gainiacs as we like to call them,” Diana Banuelos, P&G Brand Manager for Gain, said. “In introducing new Gain flings!, we wanted to make sure that we were providing them with not only an enhanced scent experience but also a powerful clean – truly the best Gain ever. We are thrilled with the response we’ve had so far and look forward to introducing Gain flings! to an even bigger audience on Grammy Weekend with our Music to Your Nose/ Música Para Tu Nariz campaign.”
Consumers can expect Gain flings! to appear at retailers beginning Jan. 27. The laundry pacs will be available in 57, 66, 72, 77 and 90-ct tubs as well as 14, 16, 31 and 35-ct bags. The SRP ranges from $4.49 for a 14-count bag to $21.49 for a 90-count tub.
McKesson buys out Franz Haniel, Elliott to take a 75% stake in Celesio
SAN FRANCISCO — McKesson late Thursday afternoon announced that it has reached an agreement with Franz Haniel & Cie. GmbH to acquire its entire holding of Celesio shares for 23.50 euros per share (US $32.24 per share). In a separate and subsequent agreement, McKesson also announced the acquisition of Celesio convertible bonds from Elliott. These agreements are not subject to any closing conditions and the transactions are expected to close within 10 business days.
After the close of the agreements with Haniel and Elliott, McKesson will exceed 75% ownership of Celesio shares on a fully diluted basis.
“We are excited to move forward with our acquisition of Celesio,” stated John Hammergren, chairman and CEO, McKesson Corporation. “We look forward to bringing together the strengths of the McKesson and Celesio organizations so we can provide our customers with more efficient delivery of healthcare products and services around the world. Our customers will benefit from the increased scale, supply chain expertise and sourcing capabilities of the combined company, together with enhanced access to innovative technology and business services.”
McKesson and its wholly-owned indirect subsidiary Dragonfly have informed Celesio of their intention to enter into a domination and profit-and-loss transfer agreement, with Dragonfly as the dominating party and Celesio as the dominated party, pursuant to Sections 291 et seq. of the German Stock Corporation Act (Aktiengesetz – AktG). McKesson and Dragonfly expect to implement such a domination and profit and loss transfer agreement following the close of the transactions without any further regulatory approval.
McKesson expects to fund a portion of the transaction with cash and has a bridge financing facility in place to fund the balance of the transaction, with permanent financing to be put in place following the close of the transactions. McKesson will consolidate the financial results of Celesio during its fiscal fourth quarter ending March 31, and McKesson’s earnings will reflect its proportionate share of Celesio’s earnings. McKesson expects the transaction to be $1.00 to $1.20 accretive to adjusted earnings per share on a fully diluted basis in the first twelve months following the close of the transactions, assuming 100% ownership in the outstanding common shares of Celesio. By the fourth year following the implementation of the domination and profit and loss transfer agreement, McKesson expects to realize annual synergies between $275 million and $325 million.
McKesson intends to launch a voluntary tender offer to the remaining minority holders of Celesio common shares. The offer is expected to commence shortly after the close of the transactions.