CTS Corp
Change company Symbol lookup
Select an option...
CTS CTS Corp
NSRCF NextSource Materials Inc
GDSI Global Digital Solutions Inc
TRCTF Traction Uranium Corp
TWNK Hostess Brands Inc
APLD Applied Blockchain Inc
STEW SRH Total Return Fund, Inc
AUTO Autoweb Inc
DG Dollar General Corp
CADIF Cadillac Ventures Inc
Go

Information Technology : Electronic Equipment, Instruments & Components | Small Cap Blend
Company profile

CTS Corporation is a global manufacturer of sensors, connectivity components, and actuators. The Company designs, manufactures, and sells a line of sensors, connectivity components, and actuators primarily to original equipment manufacturers (OEMs) and supplies for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. It operates manufacturing facilities located throughout North America, Asia and Europe and serves various markets globally. The Company’s products consist principally of sensors and actuators used in passenger or commercial vehicles, connectivity components used in telecommunications infrastructure, information technology and other high-speed applications, switches, temperature sensors, and potentiometers supplied to multiple markets, and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets.

Closing Price
$40.83
Day's Change
0.08 (0.20%)
Bid
--
Ask
--
B/A Size
--
Day's High
41.02
Day's Low
40.20
Volume
(Below Average)
Volume:
130,137

10-day average volume:
150,862
130,137

General Mills Announces Agreement to Sell Helper and Suddenly Salad Businesses to Eagle Family Foods Group

7:00 am ET May 25, 2022 (BusinessWire) Print

General Mills, Inc. (NYSE: GIS) today announced that it has entered into a definitive agreement to sell its Helper main meals and Suddenly Salad side dishes businesses to Eagle Family Foods Group, a portfolio company of Kelso & Company, in a cash transaction valued at approximately $610 million. The proposed transaction is expected to close in the first quarter of fiscal 2023, subject to regulatory approval.

"With this divestiture, we are continuing to reshape our portfolio and advance our Accelerate strategy," said Jon Nudi, General Mills Group President, North America Retail. "This transaction improves our North America Retail segment's growth profile and allows us to increase our focus on brands and categories where we have the best opportunities to drive profitable growth."

Net sales for the Helper and Suddenly Salad businesses totaled approximately $235 million in fiscal 2021. The company expects the divestiture to be dilutive to its adjusted earnings per share in the range of approximately 10 to 11 cents in the first 12 months after closing, before factoring in any potential benefit from the use of proceeds from the sale. The company will provide more information on the transaction on its fourth quarter earnings call in late June.

Goldman Sachs & Co. LLC served as financial adviser to General Mills for the transaction and Cleary Gottlieb Steen & Hamilton LLP served as legal adviser.

About General Mills

General Mills makes food the world loves. The company is guided by its Accelerate strategy to drive shareholder value by boldly building its brands, relentlessly innovating, unleashing its scale and being a force for good. Its portfolio of beloved brands includes household names such as Cheerios, Nature Valley, Blue Buffalo, Haagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Yoplait, Annie's, Wanchai Ferry, Yoki, and more. Headquartered in Minneapolis, Minnesota, USA, General Mills generated fiscal 2021 net sales of U.S. $18.1 billion. In addition, the company's share of non-consolidated joint venture net sales totaled U.S. $1.1 billion.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220524006204/en/

SOURCE: General Mills, Inc.

(Investors) Jeff Siemon: 763-764-2301
(Media) Kelsey Roemhildt: 763-764-6364
comtex tracking

COMTEX_407742694/1006/2022-05-25T07:00:02

Earnings Calendar and Events Data provided by |Terms of Use| © 2022 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2022. All rights reserved.