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New York-based company may acquire Elan Corp.

BY Alaric DeArment

DUBLIN — Irish drug maker Elan Corp. said Friday it was looking to sell itself off to a New York-based company that invests in drug royalties after rejecting a previous offer.

The company said it would start a process to be acquired by Royalty Pharma, but that shareholders should not put their shares up for sale into another, hostile takeover attempt by Royalty, in which Royalty offered more than $7.7 billion, or $13 per share, plus $2.50 in milestone payments. Elan has rejected that offer, made last week.

Royalty invests in royalty interests in drugs already on the market and undergoing late-stage clinical trials. Its portfolio includes 80% of Memorial Sloan-Kettering Cancer Center’s royalty on Amgen’s Neupogen (filgrastim) and Neulasta (pegfilgrastim), for which it paid $400 million, and the AstraZeneca’s royalties on AbbVie’s drug Humira (adalimumab), which it bought for $700 million.

Elan Corp.’s stock was trading at $13.74 per share in mid-afternoon Friday.


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Kellogg announces new snack varieties across numerous brands

BY Jason Owen

BATTLE CREEK, Mich. — The Kellogg Company announced on Thursday numerous new snack options across the company’s various brand groups, including Cheez-It, Kashi, Keebler, Special-K and more.

The Cheez-It brand is launching new Zingz crackers made with corn masa in two flavors: chipotle cheddar and queso fundido. The Pringles brand is introducing a new spicy variety as well — fiery sweet barbecue.

Town House is introducing new pita crackers. Pita crackers are traditionally hard, durable chips good for dipping because they do not tend to break easily. The new pita crackers will be available in Mediterranean herb and sea salt.

The Kashi brand is launching all-natural hummus chips made with a blend of chickpeas, whole grains, spices and herbs, providing 4g of fiber and 3g of protein. They are available in three varieties: sea salt & olive oil, caramelized onion and sundried tomato basil-feta. Kashi also introduced new berry/lemonade chewy granola bar provides protein, fiber, whole grains and features chia for ALA Omega 3s and sun-ripened cranberries and lemons.

Special K introduced a new chipotle lime flavor of its cracker chips. Each 27-chip serving has 110 calories.

New Keebler Simply Made cookies are baked with simple, recognizable ingredients, including wheat flour, butter, eggs, sugar and vanilla, reflecting the desire of some consumers for simpler foods. They will be available in two varieties: chocolate chip and butter.

Keebler is also debuting new cookies that reflect the importance of Hispanic consumers, the fastest growing ethnic group in the U.S. New Keebler El Duende ("The Elf") cookies will be available in coconut and lemon sandwich varieties.

Nutri-Grain expands its granola offerings with crunchy granola bars in chocolate chip and toffee flavors. Nutri-Grain is also adding new Strawberry Greek yogurt cereal bars.

These new foods arrive at retailers nationwide this summer.


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Dydy says:
Jun-17-2013 02:12 pm

Many people were expecting this new snack variety, including me, but I try to avoid them as much as I can. I am more for the healthy food and therefore I've even bought a soft serve machine so I can make my own desert varieties!

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Delhaize Group names Food Lion store manager ‘2012 Store Manager of the Year’

BY Antoinette Alexander

SALISBURY, N.C. — Food Lion store manager Charles Inman, who manages a Food Lion in Clayton, N.C., was named Delhaize Group’s Store Manager of the Year, the company has announced. 

Inman was selected among 3,400 store managers across the globe. In February, Inman was named Food Lion’s Store Manager of the Year.  As a result, he became eligible for the Delhaize Group award, joining 11 other store managers representing the best of the best across the company.

"Charles is an excellent leader in his store, in the community and across our company," stated Beth Newlands Campbell, president of Food Lion. "He is an incredibly humble leader who inspires his team to deliver outstanding service to our customers, ensuring they are top of mind with everyone who works in his store.  Charles continuously helps shoppers and praises associates for a job well done. He is also highly regarded as a strong developer of talent across the organization."

Delhaize Group’s Store Manager Excellence Award is based on a number of areas, including financial performance, operational excellence, people management and our Delhaize Group values, including integrity, determination, courage, humility and humor.

Inman joined Food Lion in 2002 as a cashier, and has held positions of increasing responsibility, including produce manager, office manager and assistant store manager.
 

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