Hershey Co (HSY) Will Buy Amplify Snack Brands For About $1.6 Billion

Tyrrells could change hands

Hershey agreed to buy popcorn maker Amplify Snack Brands for about $921 million in a deal that's expected to close in the first quarter of 2018.

Hershey is paying $1.6 billion for Amplify, which was founded in 2014 and had revenue in 2016 of about $271 million.

Amplify makes popular and health-focused snack brands like Skinny Pop popcorn, Tyrell's potato chips, Paqui tortilla chips, and more. (NYSE:BETR) both saw stocks gain ground - climbing an elevator in the latter case, after cementing their definitive agreement under which Hershey will acquire all outstanding shares of Amplify for $12.00 per share in cash.

The Hershey-Amplify deal highlights changing consumer habits as more people are opting for more natural foods and ingredients, prompting food and beverage companies to invest in more better-for-you snacks.


Hershey Chief Executive Officer Michele Buck called the transaction "an important step in our journey to becoming an innovative snacking powerhouse".

The company expects SkinnyPop, Amplify's most visible product, will prove an especially profitable piece of the acquisition. According to industry analysts, EPS (earnings per share) has resulted in ten percent increase in 2017 for Hershey's, evaluating the overall earnings per share equal to United States dollars 24 billion.

The planned acquisition comes as Hershey looks to diversify its offerings beyond the chocolate bars and other candies that have long defined the brand. Industry analysts are of the opinion that the market value of the former's outstanding shares is priced at Dollars 537 million, while its overall debt till September 2017 was estimated at USD 590.5 million.

Related News:

  • New early signing period creates uncertainty for football prospects

    New early signing period creates uncertainty for football prospects

    The rush for recruits to sign their LOIs earlier has sped up several coaching searches throughout the FBS. The normal period that opens every February, and the new one that will open later this week.
    Huawei Enjoy 7S With 5.65-Inch 18:9 Display Launched: Price, Specifications

    Huawei Enjoy 7S With 5.65-Inch 18:9 Display Launched: Price, Specifications

    Talking about the new smartphone Huawei Enjoy 7s adopts the full-screen design and comes with some interesting mid-range features. Connectivity options include 4G VoLTE, WiFi 802.11 b/g/n, Bluetooth 4.2, Global Positioning System and GLONASS.

    Traders Watch list: Energy Transfer Partners, LP (ETP)

    Energy Transfer Equity, L.P.'s EPS for the trailing 12 months is 1.04. 172,691 were reported by Novare Limited Liability Company. The stock of Energy Transfer Partners, L.P. (NYSE: ETP ) has "Buy" rating given on Thursday, November 9 by Stifel Nicolaus.
  • WWE Clash of Champions 2017: What we learned, takeaways, future projections

    It's hard to tell if Charlotte defending her title against Natalya is a worse match than whatever Sami Zayn and Kevin Owens vs. Talking of Jinder, how can you keep The Singh Brothers out? Styles was at his best here, helping lift Mahal to a great match.
    Princess Charlotte to begin nursery school with all-female staff

    Princess Charlotte to begin nursery school with all-female staff

    The image was taken at Kensington Palace earlier this year and shows the family all standing for the picture. It offers a teacher-to-child ratio of at least 1:8 in the morning school, and 1:4 in the afternoon school.
    Taxes to rise for $75000-under earners by 2027

    Taxes to rise for $75000-under earners by 2027

    Collins was among a handful of Republicans who helped derail her party's effort this year to scuttle the "Obamacare" health law. Senators Susan Collins and Mike Lee put out positive statements but did not explicitly say they would vote for it.
  • Google kills off 3D depth mapping project Tango

    Google kills off 3D depth mapping project Tango

    In the announcement Tweet Google noted that it will continue its augmented reality journey with its ARCore technology in future. One would have barely thought of Google's Tango Project running into a deadlock had it been a couple of years back.
    Westchester travelers return home after being stuck in Atlanta airport

    Westchester travelers return home after being stuck in Atlanta airport

    The massive outage at the Hartsfield-Jackson Atlanta International Airport forced more than 400 Delta flights to cancel, Monday. They spent Sunday night on a carpeted floor outside an elevator and hoped to get standby status on a Monday afternoon flight.

    Brokers Recommendations on: Delta Air Lines, Inc. (NYSE:DAL)

    In related news, COO W Gilbert West sold 26,131 shares of the company's stock in a transaction that occurred on Friday, May 26th. New York-based Strategic Fincl Ser has invested 0.94% in CVS Health Corporation (NYSE:CVS). (NYSE:BXP) for 13,015 shares.
  • Elizabeth Park Capital Advisors LTD Holds Position in Huntington Bancshares INC (HBAN)

    The firm has "Buy" rating by Jefferies given on Monday, April 3. (NASDAQ:PBYI) on Wednesday, September 21 to "Buy" rating. Analysts believe that the company has the potential to earn average revenue of $1.11 Billion for the current quarter.
    Diddy Talks Buying Carolina Panthers, Hiring Colin Kaepernick

    Diddy Talks Buying Carolina Panthers, Hiring Colin Kaepernick

    A separate Forbes analysis points out that "a buyer would need to fork over at least $700 million of cash" up front. But Richardson already has an inquiry from Diddy .
    Justin Bieber Gives Selena Gomez a SURPRISE Early Christmas Present!

    Justin Bieber Gives Selena Gomez a SURPRISE Early Christmas Present!

    A source also told TMZ that Justin and Selena did not have any alcohol on their date night. "Selena and Justin are doing great". When asked at the Billboard's Women in Music event of the year about her current beau, Selena very tactfully answered, "I'm 25".


Most liked

Manhunt underway for suspects involved in gruesome murder at Johor petrol station
The victim, however, was reported to have fought back and this resulted in a scuffle between the suspects and the victim. With the man on the ground, his assailants got into their auto , circled the petrol station and knocked down the man.

Tillerson: North Korea 'must earn its way back' to negotiations
Ambassador Ja Song Nam said his country would not pose a threat to any state, as long as its interests were not infringed upon. The White House however said there was no change in US policy and Tillerson did not repeat the offer at the council meeting.

Western Digital Corporation (NASDAQ:WDC) Undervalued by 29.5%
The Profit Margin for Western Digital Corporation NASDAQ WDC is now valued at 7.40% with a weekly performance figure of 0.18%. The long term debt/equity forWestern Digital Corporation (NASDAQ:WDC) shows a value of 1.07 with a total debt/equity of 1.09.

Donald Trump Tweets GOP Having Good Year, Will "Do Well In 2018"
Trump had gone as far as to record a robocall for Moore and urged Alabama voters at a rally in nearby Pensacola, Fla., to vote for Moore.

TD Ameritrade Holding Corporation (AMTD) Analysts See $0.48 EPS
ET AL acquired a new stake in TD Ameritrade in the 3rd quarter worth approximately $203,000. (NASDAQ:AVEO) for 10,000 shares. Bridges Investment Management Inc bought 7,070 shares as the company's stock declined 2.46% while stock markets rallied.

Apollo Global Management LLC (APO) Receives $33.25 Average PT from Brokerages
Penserra Capital Management LLC boosted its position in shares of Apollo Global Management by 10.0% during the second quarter. Beck Capital Management Llc increased Apollo Global Management Llc (APO) stake by 11.3% reported in 2017Q2 SEC filing.

First 'Ocean's 8′ Trailer Teaser Reveals a New Team of Thieves
The teaser arrived four days after Warner Bros . unveiled the movie poster with the tagline: 'Every con has its pros'. The only downside to all of this is that we still have to wait until June 8th of next year until the film premieres.

Google Is Celebrating the Holidays With These Festive Doodles
The doodles will tell the story of penguins who jet off to warmer climes to spend the holidays with "warm-weather relatives". Two penguins, a "pair of slippery-footed siblings", have been introduced with a set of seasonal candles.

Prince Harry, Meghan Markle wedding date set for May 19
She intends to become a British citizen, though she will retain her USA citizenship while she goes through the process. George's Chapel at Windsor Castle , which is where Harry was christened at three months old.

JetBlue Airways (JBLU) Board Approves Stock Repurchase Plan
They expect this year's earnings to fall -20.72% year-over-year to $1.76, followed by 5.68% growth in the next year to $1.86. Folger Nolan Fleming Douglas Mngmt Inc stated it has 0.12% of its portfolio in Bank of America Corporation (NYSE:BAC).

Weatherford International PLC (NYSE:WFT) Shares Bought by ETRADE Capital Management LLC
Finally, Deutsche Bank initiated coverage on Weatherford International in a research report on Tuesday, October 10th. State Of Tennessee Treasury Department holds 0% in Weatherford International plc (NYSE: WFT ) or 200,000 shares.

Zimbabwe military leader Chiwenga set to retire, expected to be appointed VP
Zimbabwe's economy collapsed in the latter half of Mugabe's rule, especially after violent farm seizures of thousands of white-owned commercial farms.

The Charles Schwab Corporation (SCHW)
It improved, as 61 investors sold SCHW shares while 245 reduced holdings. 80 funds opened positions while 318 raised stakes. Shine Investment Advisory Services Inc. bought a new position in Charles Schwab in the second quarter valued at $145,000.

Defence firm Thales makes US$5.6B all-cash pitch for Gemalto
Gemalto will continue working under its own brand, with Mr Vallée staying at the helm of the combined digital security business. It said the new business will "rank among the top three players worldwide, with (euro) 3.5 billion in revenues".

Targeted Movers: Merck & Co., Inc. (MRK), DDR Corp. (DDR)
Green Square Cap holds 1.17% or 102,105 shares in its portfolio. (NYSE:NWY). 66,730 are held by Tfs Cap Ltd Liability. Oak Assoc Limited Oh, a Ohio-based fund reported 40,400 shares. 41,468 were reported by Maryland Capital Mngmt.