General Mills (GIS) to Sell North American Yogurt Business to Lactalis and Sodiaal for $2.1B Cash
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General Mills Announces Agreements to Sell Its North American Yogurt Business to Lactalis and Sodiaal
September 12, 2024 7:00 AM EDTMINNEAPOLIS--(BUSINESS WIRE)-- General Mills, Inc. (NYSE: GIS) today announced that it has entered into definitive agreements to sell its North American Yogurt business to Lactalis and Sodiaal, two leading French dairy companies, in cash transactions valued at an aggregate $2.1 billion USD. Following the completion of the transactions, the U.S. and Canadian businesses will operate independently, with Lactalis acquiring the U.S. business and Sodiaal acquiring the Canadian business. The proposed transactions are expected to close in calendar 2025, subject to receipt of requisite regulatory approvals and other customary closing... More
