GENERAL MILLS ACQUIRES PILLSBURY
By Adnews Staff
General Mills is acquiring the Pillsbury operations of consumer goods company Diageo plc for US$10.5 billion. The deal is expected to close late this year following regulatory review and shareholder approval. General Mills plans to sell the North American Pillsbury dessert mix business and the Pillsbury North American Green Giant canned vegetable business in order to focus on the refrigerated, frozen and dry grocery categories.
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