General Mills (GIS) Surges on Takeover Speculation Following CEO Change

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Active Call Buying in General Mills (GIS) Amid Morning M&A Chatter -Susquehanna

May 4, 2017 1:39 PM EDT

Susquehanna options strategist Alison Edwards notes active call buying in General Mills (NYSE: GIS) this morning, following M&A chatter around the shares, as investors bought ~6000 May 60 Calls for up to $1.00, while another investor purchased 5000 Jab 65 Calls for $1.37.

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David Faber says General Mills (GIS) takeover report "not true"

May 4, 2017 10:56 AM EDT

David Faber says General Mills (NYSE: GIS) takeover report "not true."

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General Mills (GIS) May weekly calls active as shares trade near 13-month low

May 4, 2017 10:05 AM EDT

General Mills (NYSE: GIS) May 55 and 57.50 calls are active on total call volume of 900 contracts (13 puts) on renewed takeover chatter. May and June call option implied volatility is at 18; compared to its 52-week range of 16 to 25.

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General Mills (GIS) Names Jeff Harmening as CEO, Replacing Ken Powell

May 3, 2017 9:00 AM EDT

General Mills (NYSE: GIS) today announced that its board of directors has elected Jeffrey L. Harmening Chief Executive Officer of the company, effective June 1, 2017. The board also elected Harmening to the General Mills Board of Directors. Harmening, age 50, is a 23-year veteran of the company and has served as President and Chief Operating Officer since July 1, 2016. Harmening succeeds Ken Powell, who has served as General Mills Chairman and Chief Executive Officer since 2007. Powell will continue to serve as the company's Chairman for a transition period until his retirement, expected within the next... More