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Article: Hormel Foods Announces Universal Stock Option Award.
- Article from:
- Business Wire
- Article date:
- January 9, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AUSTIN, Minn. -- Hormel Foods Corporation (NYSE:HRL), an Austin, Minn.-based multinational marketer of consumer-branded meat and food products, today announced a one-time award of 100 stock options to all full-time, active Hormel Foods employees based in the United States.
The stock option award is the "right" to buy shares of Hormel Foods stock at the closing price on Jan. 8, 2007, within a certain time period. There is no obligation to exercise the option. This award will impact over 18,000 full-time, active employees in both the parent company and all subsidiaries on the payroll as of Jan. 8, 2007.
"With the successful integration of a number of ...