NEW YORK, December 18, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Post Holdings Inc. (NYSE:POST), Hershey Co. (NYSE:HSY), Bunge Ltd (NYSE:BG), Pinnacle Foods Inc. (NYSE:PF), and The Andersons, Inc. (NASDAQ:ANDE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Post Holdings Inc. Research Report
On December 10, 2013, Post Holdings Inc. (Post) announced the pricing of 3 million shares of its newly created 2.5% Series C Cumulative Perpetual Convertible Preferred Stock (Preferred Stock). Post stated that it has granted the initial purchasers of the Preferred Stock a 30-day option to purchase up to an additional $45 million (or 450,000 shares) of Preferred Stock. According to the Company, net proceeds from this offering are expected to be approximately $290.5 million or approximately $334.0 million if the initial purchasers fully exercise their option. Post added that it plans to utilize net proceeds from the offering for general corporate purposes, which may include financing of the pending acquisitions and any additional acquisition opportunities, working capital and capital expenditures. The Full Research Report on Post Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Hershey Co. Research Report
On December 5, 2013, Hershey Co.'s (Hershey) wholly-owned subsidiary, Hershey India Private Ltd. (Hershey India), announced that the Company will launch Jolly Rancher™ brand in India. According to the Company, India is the first international market for the Jolly Rancher brand outside of North America in the brand's 65-year history. Hershey stated that Jolly Rancher Lollipops, priced at Rs.5, will be the first Jolly Rancher candy to be introduced in India. Atul Razdan, General Manager, Marketing, Sweets and Refreshments, Hershey India stated, "The Jolly Rancher brand is a perfect line of products for sweets-loving consumers in India. We've tailored our new Jolly Rancher products for India to appeal, specifically, to local palates with bold, fruity flavors that are unlike any other candy available in the market." The Company stated that it has identified Jolly Rancher as one of the "global brands" that will drive its worldwide growth over the next several years. The Full Research Report on Hershey Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Bunge Ltd Research Report
On December 9, 2013, Bunge Ltd (Bunge) announced the appointment of Michael Goettl as CEO, Bunge Asia, with effect from January 1, 2014. Soren Schroder, CEO of Bunge Ltd, commented, "Mike is the ideal leader for the next era of Bunge's growth in Asia. His long experience in the region gives him deep understanding of the markets and a great appreciation for what is important to our customers. Mike is also an outstanding operator, with a track record of delivering results in existing businesses and creating value from new investments." The Company informed that Mr. Goettl, who joined the Company in 2005, is presently the COO of Bunge Asia, and will succeed Christopher White who will remain with Bunge as a senior advisor managing strategic initiatives for the Company. The Full Research Report on Bunge Ltd - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Pinnacle Foods Inc. Research Report
On December 5, 2013, Pinnacle Foods Inc. (Pinnacle Foods) announced plans to locate the manufacturing of its recently-acquired Wish-Bone® salad dressings business at its existing plant in St. Elmo, Illinois. Tony Fernandez, Executive Vice President and Chief Supply Chain Officer at Pinnacle Foods commented, "Pinnacle Foods is pleased to be expanding in Illinois and adding capacity for the salad dressings business in our St. Elmo facility. The efficiencies we expect to generate in this new facility will enable us to invest to reinvigorate the iconic Wish-Bone brand. We would like to thank the state of Illinois, Fayette County and the city of St. Elmo for their support and help with our plans for this very important expansion." According to the Company, the facility in St. Elmo currently employs about 85 people with plans to add approximately 90 more in the first half of 2015. Pinnacle Foods added that it intends to invest $40-$50 million over the next 12-18 months to purchase new equipment, expand the plant footprint and improve existing infrastructure. The Full Research Report on Pinnacle Foods Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
The Andersons, Inc. Research Report
On December 9, 2013, The Andersons, Inc. (The Andersons) announced that it has finalized its purchase of assets of the granulation manufacturer Cycle Group, Inc. (Cycle Group). The Company stated that this purchase includes a modern facility in Mocksville, North Carolina, which can produce 22,000 tons of granulated products with employee strength of 12. The Andersons added that it will assume and market the Cycle Group's EcoGranule brand. Mike Anderson, CEO of The Andersons, stated, "This opportunity expands the reach for our Turf & Specialty Group's granulation business into a strategic geographic location that will help us better serve our customers. In addition, we will be increasing our production and distribution capabilities, obtaining intellectual property and expanding our presence in the high-value markets of the granular business." The Full Research Report on The Andersons, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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