Some dots, but not quite there yet. What connectio
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Posted On: 03/17/2013 11:36:09 AM
Some dots, but not quite there yet. What connection is there between East Coast Ice Cream and Zeev Kalimi?
1) Dreyer's Grand Ice Cream to Acquire Silhouette Brands, Inc.
OAKLAND, Calif.--(BUSINESS WIRE)--July 26, 2004--Dreyer's Grand Ice Cream Holdings, Inc. ("Dreyer's Holdings") (NNM RYR), and Silhouette Brands, Inc. ("Silhouette Brands" or "Silhouette") (Pink Sheets:SIHB) announced today that Silhouette Brands and Dreyer's Grand Ice Cream, Inc. ("Dreyer's") have entered into an agreement for Dreyer's to acquire Silhouette Brands, whose product line consists of frozen ice cream snack products.
Dreyer's and Silhouette Brands have executed a definitive agreement whereby each share of common stock of Silhouette Brands will be converted into the right to receive approximately $4.76 in cash and each share of preferred stock of Silhouette Brands will be converted into the right to receive approximately $6.56 in cash . Following the closing of the transaction, notification of the transaction and information concerning the price paid for Silhouette Brands' stock and statutory appraisal rights will be sent to all stockholders of Silhouette Brands. The transaction has been approved by the boards of directors of both Silhouette Brands and Dreyer's Holdings and the holders of a majority of the outstanding stock of Silhouette Brands.
“We welcome the addition of these strong brands to the Dreyer's frozen snack portfolio and feel that they add significant breadth to the ice cream assortment that Dreyer's offers consumers and retailers across the country.”
Silhouette Brands has been one of the fastest growing frozen snack companies in the U.S. Founded in 1994, Silhouette Brands has successfully marketed low fat and low carb ice cream snacks under its distinctive brands, Skinny Cow(R) and Skinny Carb(R). Consumers across the U.S. have become increasingly drawn towards low fat and low carb food alternatives within an overall trend of more health-conscious eating. The frozen snack portion of the ice cream business has experienced this same trend. The "better-for-you" segment is the fastest growing portion of the frozen snack category in the grocery channel with growth of 40% in 2003. Silhouette Brands has led this trend successfully and Skinny Cow is the leading brand among all better-for-you frozen snacks in the grocery channel today.
1) Dreyer's Grand Ice Cream to Acquire Silhouette Brands, Inc.
OAKLAND, Calif.--(BUSINESS WIRE)--July 26, 2004--Dreyer's Grand Ice Cream Holdings, Inc. ("Dreyer's Holdings") (NNM RYR), and Silhouette Brands, Inc. ("Silhouette Brands" or "Silhouette") (Pink Sheets:SIHB) announced today that Silhouette Brands and Dreyer's Grand Ice Cream, Inc. ("Dreyer's") have entered into an agreement for Dreyer's to acquire Silhouette Brands, whose product line consists of frozen ice cream snack products.
Dreyer's and Silhouette Brands have executed a definitive agreement whereby each share of common stock of Silhouette Brands will be converted into the right to receive approximately $4.76 in cash and each share of preferred stock of Silhouette Brands will be converted into the right to receive approximately $6.56 in cash . Following the closing of the transaction, notification of the transaction and information concerning the price paid for Silhouette Brands' stock and statutory appraisal rights will be sent to all stockholders of Silhouette Brands. The transaction has been approved by the boards of directors of both Silhouette Brands and Dreyer's Holdings and the holders of a majority of the outstanding stock of Silhouette Brands.
“We welcome the addition of these strong brands to the Dreyer's frozen snack portfolio and feel that they add significant breadth to the ice cream assortment that Dreyer's offers consumers and retailers across the country.”
Silhouette Brands has been one of the fastest growing frozen snack companies in the U.S. Founded in 1994, Silhouette Brands has successfully marketed low fat and low carb ice cream snacks under its distinctive brands, Skinny Cow(R) and Skinny Carb(R). Consumers across the U.S. have become increasingly drawn towards low fat and low carb food alternatives within an overall trend of more health-conscious eating. The frozen snack portion of the ice cream business has experienced this same trend. The "better-for-you" segment is the fastest growing portion of the frozen snack category in the grocery channel with growth of 40% in 2003. Silhouette Brands has led this trend successfully and Skinny Cow is the leading brand among all better-for-you frozen snacks in the grocery channel today.
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