Freshfields Reps General Mills In $1.2B Yoplait Buy

Law360, New York (May 18, 2011, 12:04 PM EDT) -- General Mills Inc. said Wednesday it would pay $1.2 billion for 51 percent of Yoplait SAS and a half-stake in the yogurt giant's global brands unit, in a deal with Paris private equity firm PAI Partners and Sodiaal, France's largest dairy cooperative.

The deal had been in the works for about two months, with PAI Partners and Sodiaal announcing March 18 that General Mills had secured a period of exclusivity. In the intervening period, the Federal Trade Commission also took a look at the transaction and...
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