Kraft Foods Group Recalls Select Cottage Cheese Products and AT&T to Acquire DirecTV for $48.5 Billion

Kraft Foods Group, Inc. (NASDAQ: KRFT) is voluntarily recalling select Breakstone's Cottage Cheese, Knudsen Cottage Cheese, Simply Kraft Cottage Cheese, and Daily Chef Cottage Cheese products, as some ingredients used in these products were not stored in accordance with Kraft's temperature standards. The affected products all have code dates from May 9 through July 23. Kraft is issuing the recall as a precaution.

Kraft Foods Group, Inc. operates as a consumer packaged food and beverage company in North America and worldwide. It operates through Beverages, Cheese, Refrigerated Meals, Meals & Desserts, Enhancers & Snack Nuts, Canada, and Other Businesses segments.

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DIRECTV (NASDAQ: DTV) will be acquired by AT&T in a $48.5 billion purchase  as a way to help redefine the video entertainment industry. AT&T will gain access to DirecTV's 20.3 million U.S. customers and its 18.1 million Latin American customers. Shareholders of DirecTV will get $28.50 per share in cash and $66.50 per share worth in AT&T stock. They will receive 1.905 AT&T shares if AT&T stock price is below $34.90 at closing or 1.724 AT&T shares if its stock price is above $38.58. If AT&T's stock price at closing is between $34.90 and $38.58, DirecTV shareholders will receive between 1.724 and 1.905 shares of AT&T stock, which is equal to $66.50 in value.

DIRECTV provides digital television entertainment services in the United States and Latin America. The company acquires, promotes, sells, and distributes digital entertainment programming primarily through satellite to residential and commercial subscribers. It provides direct-to-home digital television services; and multi-channel video programming distribution (MVPD) services.

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