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Apr 24, 2018

General Mills completes acquisition of Blue Buffalo Pet Products

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MINNEAPOLIS, Minnesota -- General Mills, Inc. (NYSE: GIS) today announced it has completed the acquisition of Blue Buffalo Pet Products, Inc. for $40 per share in an all-cash transaction, which represents an enterprise value of approximately $8.0 billion. The addition of Blue Buffalo establishes General Mills as the leader in the Wholesome Natural pet food category, the fastest growing portion of the $30 billion U.S. pet food market, and accelerates the company’s portfolio reshaping strategy.