US: Heinz chairman to exercise options
US-based food group HJ Heinz Company has announced that its chairman, president and CEO William Johnson has adopted a prearranged trading plan to exercise expiring options.
The company stated that the stock trading plan was adopted in accordance with the guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934.
The plan provides for the exercise of 277,487 options of Heinz Common Stock due to expire in June 2006, and liquidation of shares at certain predetermined price levels to satisfy tax obligations related to the exercise, with the intention of retaining approximately 100% of the after-tax proceeds in Heinz Common Stock. The exercises and sales are subject to satisfaction of certain conditions and continue through 9 June 2006, at which date the trading plan terminates.
US food giant H.J. Heinz has completed its acquisition of HP Foods from France's Groupe Danone for £470m (US$820m) in cash....
H J Heinz Company has announced that it has agreed to purchase privately-held Nancy's Specialty Foods Inc, producers of the Nancy's brand of premium appetizers, quiche entrees and desserts. Terms of ...
H J Heinz Company has today (Monday) confirmed that it has signed a definitive agreement with Groupe Danone SA to acquire a number of leading culinary sauce brands for £470m (US$855m) in cash....
Heinz is close to buying HP Foods, maker of Lea & Perrins and HP Sauce from French diary giant Danone, according to the Daily Telegraph newspaper....
H J Heinz Company has named Idamarie Laquatra as director, global nutrition....
H J Heinz Company today reported net income of $206.5m for its fourth quarter ended April 27, 2005, compared with $196.5m in the same period last year....
H J Heinz Company has announced the promotion of Jeffrey P Berger to executive vice president. He will be responsible for the company's global foodservice business....
H J Heinz Company has announced the appointment of Jane S Miller as president of its UK and Ireland business unit....
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