General Mills Shareholders Approve Pillsbury Acquisition
Shareholders of
General Mills
(GIS) - Get General Mills, Inc. Report
approved two proposals necessary for the company to acquire
Pillsbury
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from
Diageo
.
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.
