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Shareholders of

General Mills

(GIS) - Get Free Report

approved two proposals necessary for the company to acquire

Pillsbury

from

Diageo

(DEO) - Get Free Report

.

Diageo shareholders approved the transaction at a meeting in October. The deal has already received approval by regulators in Europe and is awaiting the nod in the U.S. General Mills expects to close the deal early in 2001.

Shares of General Mills, Minneapolis, were recently up 31 cents, or 0.8%, to $40.31.