General Mills, Nestle Said to Lead Yoplait Bids

Publish Date: 
March 3, 2011

General Mills Inc. and Nestle SA are among leading bidders for the 50 percent stake in yogurt maker Yoplait being sold by PAI Partners, four people familiar with the process said.  Nestle and General Mills submitted offers valuing Yoplait at about 1.6 billion euros ($2.2 billion), one of the people said. A final bidder may be selected in the next few weeks, according to the people, who declined to be identified because the process is private.
READ MORE