General Mills Completes Annie's Acquisition

22 Oct 2014 --- General Mills, Inc. announced that its tender offer to purchase all issued and outstanding shares of common stock of Annie's, Inc. at a price of $46.00 per share was successful and that it has completed its acquisition of Annie's, effective as of October 21, 2014.

The tender offer expired at 12:00 midnight, New York City time, at the end of the day on Monday, October 20, 2014.  The depositary for the tender offer has advised that, as of such time, a total of 14,481,203 shares were validly tendered and not withdrawn in the tender offer, representing approximately 84% of Annie's outstanding shares.  In addition, Notices of Guaranteed Delivery have been delivered with respect to 1,249,377 shares that have not yet been tendered, representing approximately 7% of Annie's outstanding shares. General Mills has accepted for payment all validly tendered shares.

General Mills and Annie's subsequently completed the acquisition by merging a subsidiary of General Mills with and into Annie's, with Annie's surviving the merger as a wholly owned subsidiary of General Mills.  Annie's shares ceased trading on the NYSE at the close of market October 20, 2014.