Reginal Thomas
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Hormel Foods to buy CytoSport Holdings For $450 Million

Hormel Foods Corp. announced it plans to buy CytoSport Holdings Inc for $450 million, adding Muscle Milk sports nutrition products to its portfolio. The company said the deal should raise earnings at about 5 cents per share starting to 2015. Muscle Milk products include lactose free protein supplements and are often used by athletes.