Golden Valley-based General Mills Inc. is buying control of Minneapolis-based Pillsbury in a 10.5 billion dollar stock-for-stock deal that would create one of the world's largest food companies. General Mills will issue 141 million new shares of common stock to Diageo, Pillsbury's London-based parent company, in exchange for control of Pillsbury. The combination would nearly double the size of General Mills to about $13 billion in annual sales. Daniel Peris is an analyst with Argus Research.
Digitization made possible by the State of Minnesota Legacy Amendment’s Arts and Cultural Heritage Fund, approved by voters in 2008.
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