General Mills Goes for Yoplait
Publish Date:
May 20, 2011
General Mills Inc. signed a deal with French private-equity fund PAI Partners and French dairy cooperative Sodiaal to acquire a 51% stake in dairy products maker Yoplait for €810 million ($1.15 billion), after the parties reported they were in exclusive talks in March. The deal, expected to close this summer, also includes a 50% interest in a related entity that holds the world-wide Yoplait brands.
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