Publish date:

General Mills Buying a Natural Pet Food Company for $8 Billion Makes Sense

General Mills may have hit a home-run with its purchase of natural pet food company Blue Buffalo. Here comes Warren Buffett's annual letter Saturday.

General Mills (GIS) - Get General Mills, Inc. (GIS) Report will spend $8 billion to buy natural pet food company Blue Buffalo (BUFF) . The deal makes a ton a sense given the humanization of pets. Meanwhile, Warren Buffett's annual letter to Berkshire Hathaway (BRK.A) - Get BRK.A Report shareholders is due out Saturday morning. Cheers to the billionaire hyping his Apple (AAPL) - Get Apple Inc. (AAPL) Report position. Apple is a holding in Jim Cramer's Action Alerts Plus

Receive the free Jolt newsletter here.

More from the JoltArchives:

TheStreet Recommends