Amplify Snack Brands (BETR) stock prices updated...
 

Amplify Snack Brands stock price

Amplify Snack Brands latest news:


  • 12/18/2017 14:51:15

    Amplify Snack Brands and Akamai soar while McKesson slips

    Amplify Snack Brands and Akamai Technologies climb while McKesson and Penn National Gaming fall

  • 12/18/2017 05:32:17

    Skinny Pop parent Amplify's Snack stock rockets after $921 million Hershey buyout deal

    Shares of Amplify Snack Brands Inc. , the parent of Skinny Pop popcorn, rocketed 71% in premarket trade Monday, after the company agreed to be acquired by Hershey Co. in a deal that gives Amplify a market value of $921 million. Under terms of the deal, Hershey will pay $12.00 in cash for each Amplify share outstanding, which is 71.4% above Friday's closing price of $7.00. Including debt, the deal is valued at $1.6 billion. Hershey said it would fund the deal with cash on hand and new debt, and is not expected to affect Hershey's current credit ratings. Hershey expects the deal to add to adjusted earnings per share in the first year after closing, which is expected to occur in the first quarter of 2018. "Hershey is a great cultural partner for Amplify and I'm excited for our team who will have access to Hershey's marketing and go-to-market resources to take our brands to the next level," said Amplify Chief Executive Tom Ennis. Amplify's stock had tumbled 20.5% year to date through Friday, while Hershey shares had gained 10.4% and the S&P 500 had climbed 19.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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