General Mills to sell North American Yogurt business to Lactalis, Sodiaal for $2.1B cash

GENERAL MILLS INC

Total cash consideration $2.1B; Lactalis acquires U.S. business, Sodiaal acquires Canadian business.
Business includes Yoplait, Liberté, Go-Gurt, Oui, Mountain High, :ratio brands and three manufacturing plants.
North American Yogurt contributed ~$1.5B net sales in fiscal 2024.
Deal expected to close in calendar 2025, subject to regulatory approvals.
Transactions ~3% dilutive to adjusted EPS in first 12 months post-close; net proceeds for share repurchases.

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