General Mills Receives Clearance for Annie’s Acquisition

Minneapolis / MN. (gm) General Mills Inc. announced that on October 03, 2014, the U.S. Federal Trade Commission granted early termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. With the receipt of this clearance, the condition of the announced tender offer for all issued and outstanding shares of common stock of Annie´s Inc. at a price of 46.00 USD per share with respect to clearance under applicable antitrust and competition laws has been completely satisfied. The Offer remains subject to the satisfaction of certain other conditions. The Offer is scheduled to expire at 12:00 midnight, New York City time, at the end of October 20, 2014, unless extended.

General Mills Commences Tender Offer for Annie´s Inc.

General Mills Inc. on September 22 announced that its direct wholly owned subsidiary, Sandy Acquisition Corporation, has commenced its previously announced tender offer for all outstanding shares of common stock of Annie´s Inc. at a price of 46.00 USD per share, 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 September 08, 2014, by and among General Mills, Sandy Acquisition Corporation and Annie´s Inc., which General Mills and Annie´s announced on September 08, 2014 (in bakenet:eu on 2014-09-10). 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.

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