secwatch.observer — SEC 8-K summary
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Issuer:     GENERAL MILLS INC (GIS)
CIK:        0000040704
Form:       8-K
Filed at:   2024-09-17T23:59:59+00:00
Accession:  0001193125-24-220459
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40704/000119312524220459/0001193125-24-220459-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40704/000119312524220459/d804768d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-220459

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