- The company, maker of Frosted Flakes, Cheez-Its and Eggo waffles, did not disclose terms of the deal.
- It said it did not purchase any other assets of the company. David Mackay, president and chief executive officer, said in a statement that Kellogg will use its understanding of the cookie category and distribution infrastructure to expand sales of Mother's Cookies.
- The company said it plans to reintroduce many of Mother's Cookies most popular cookies. Its brands include iced animal crackers, sandwich cookies and wire cut cookies.

Other headlines for [K]

• 1/5/2009 06:25am
  Merrill reinstating coverage of packaged food industry- KFT rated buy, price target $30 - GIS, K rated neutral - GIS price target $62 - Kprice target $45
  
• K 12/3/2008 06:54pm
  Kellogg Co Acquiring Trademarks and Recipes of Mother's Cake & Cookie Co.; Deal to be completed on Dec 4th- The company, maker of Frosted Flakes, Cheez-Its and Eggo waffles, did not disclose terms of the more...
  
• 11/26/2008 06:01am
  US Packaged Food Sector cut to neutral from positive at Barclays
  
• GIS 11/19/2008 11:15am
  General Mills Inc Reaffirms FY09 guidance, EPS at $3.81-3.85 v $3.90e, before any impact from mark-to-market valuation of certain commodity positions
  
• COF 11/18/2008 07:01am
  Capital One Financial Corp Shares of COF, DFS, AXP initiated with neutral rating at UBS; KO, PEP, K cut to neutral from buy- COF price target $32 - DFS price target $10 - AXP price target $20 - KO price target $48 - PEP more...
  

Consumer staples sector headlines

• TSN Today 03:32pm
  Tyson Foods Inc Interim CEO: No major layoffs planned, poultry units wil be restructured- The company intends to select a new, permanent CEO as soon as possible and hopes the new leader can be identified from the more...
  
• CPWM Today 02:31pm
  Cost Plus Inc. Reports Dec SSS -4.3%; announces plans to close 26 stores- Expects pre tax impairment of $4M - will reduce home office and distribution center staff by 18% and will implement a number of additional more...
  
• CVS Today 12:39pm
  CVS Corp Hearing removed from Goldman Sachs conviction buy list (timing uncertain)
  
• DMND Today 09:08am
  Diamond Foods, Inc. Long Bow Research Raised DMND to Buy from Neutral, price target: $27
  
• CVS Today 08:49am
  CVS Corp CFO: Guides FY09 Rev growth of 10.5-12.5% - conf call- Guides Q1 Rev +8-10% - Puts 2009 CAPEX at $1-1.2B with free cash flow of approx $3.5B