USA: Keebler Foods Company announces quarterly dividend
Keebler Foods Company (NYSE: KBL) announced yesterday that its board of directors declared a quarterly dividend of $0.1125 per share. The dividend is payable on March 20, 2001 to stockholders of record on March 6, 2001. Keebler, founded in 1853, is the second-largest cookie and cracker marketer and manufacturer in the United States with the last trailing twelve-month net sales of $2.8 billion. On October 26, 2000 Flowers Industries, Inc. (NYSE: FLO) announced that it had reached agreement for a series of transactions that will result in the sale of Keebler Foods Company to Kellogg Company (NYSE: K). Kellogg has also reached agreement to acquire the remaining Keebler Food Company shares held by the public for $42.00 per share. Keebler markets its products under well-recognized brands such as Keebler, Cheez-It, Carr's, Ready Crust, Famous Amos, Murray, Plantation and Austin. Keebler is also a leading manufacturer for both the private label and foodservice markets. Through its Little Brownie Bakers subsidiary, Keebler is a leading licensed supplier of Girl Scout Cookies. Keebler is also the licensed supplier with Sesame Workshop featuring Sesame Street Muppet characters and educational games on a broad range of snack category products. Keebler Foods Company is headquartered in Elmhurst, Illinois. For additional information, please visit the Keebler web site at
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