MINNEAPOLIS, March 19, 2018 /PRNewswire/ -- General
Mills, Inc. (NYSE: GIS) today announced that on March 16, 2018, the U.S. Federal Trade Commission
granted early termination of the required waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.
With the receipt of this clearance, the condition of the
announced merger transaction for all issued and outstanding shares
of common stock of Blue Buffalo Pet Products, Inc. (NASDAQ: BUFF)
at a price of $40.00 per share with
respect to clearance under applicable antitrust and competition
laws has been completely satisfied.
The closing of the transaction remains subject to the
satisfaction of certain other conditions. General Mills
continues to expect the transaction to close by May 2018.
About General Mills
General Mills is a leading global
food company that serves the world by making food people love.
Its brands include Cheerios, Annie's, Yoplait, Nature
Valley, Fiber One, Häagen-Dazs, Betty
Crocker, Pillsbury, Old El Paso, Wanchai Ferry, Yoki and more.
Headquartered in Minneapolis,
Minnesota, USA, General Mills generated fiscal 2017
consolidated net sales of US $15.6
billion, as well as another US $1.0
billion from its proportionate share of joint-venture net
sales.
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SOURCE General Mills, Inc.