General Mills to Purchase Blue Buffalo Pet Food for $8B

General Mills to Purchase Blue Buffalo Pet Food for $8B Photo: AP

February 23, 2018 09:17 AM

Twin Cities-based General Mills, Inc., and Blue Buffalo Pet Products, Inc., have announced an agreement in which General Mills will purchase the natural pet food company for a price of about $8 billion.

The $40-per-share transaction has been approved by the boards of directors at both companies and is expected to close by the end of General Mills' fiscal year in 2018.

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Frank Rajkowski

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