DealBook: General Mills Poised to Buy Yoplait Stake for $1.1 Billion

Reuters - U.S. food company General Mills has won the bidding for a stake in Yoplait, and will pay 800 million euros ($1.1 billion) for 50 percent of a yogurt brand whose U.S.

PARIS (Reuters) - U.S. food company General Mills has won the bidding for a stake in Yoplait, and will pay 800 million euros ($1.1 billion) for 50 percent of a yogurt brand whose U.S. distribution...

[AP] - General Mills says it has entered into exclusive negotiations to buy a majority stake in French yogurt company Yoplait. The binding offer with PAI Partner and Sodiaal, the owners of Yoplait S.A.S., would beat out rivals bidding for the company.

General Mills said Friday that it has entered into exclusive negotiations to buy a majority stake in French yogurt company Yoplait.

[AP] - General Mills said Friday that it has entered into exclusive negotiations to buy a majority stake in French yogurt company Yoplait.

Private equity fund PAI Partners is ready to sell its 50-percent stake in the world's number two dairy company Yoplait to General Mills for 1.6 billion euros ($2.2 billion), the daily Le Figaro reported Thursday on its website."In the end it is the American General Mills that will acquire Yoplait," the French daily wrote without citing its sources.Neither Yoplait, PAI, nor Sodiaal which owns the other 50 percent in Yoplait, was immediately available for comment.

General Mills is set to pay 800 million euros (US$1.12 billion) for half the Yoplait yoghurt brand, allowing the company to settle a management dispute and pursue emerging markets growth

In negotiations to buy a majority stake in French yogurt company for about $2.2-billion