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0.000257267815796302 -5.1453563159202E-05 -0.000874196038075555 0.000360174942114853 0.000154360689477752 -0.000411628505273908 -0.0033959351685104 -0.00442500643169532
Stock impact report

Exclusive: General Mills explores sale of $2 billion-plus yogurt business in North America, sources say [Reuters]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Reuters
yogurt business including its popular Yoplait brand in a deal that could be worth more than $2 billion, people familiar with the matter said. The Minneapolis-based food conglomerate is working with investment bank JPMorgan Chase to gauge interest from potential buyers that could include rival snack food makers and private equity firms, the sources said, requesting anonymity as the discussions are confidential. General Mills is hoping to fetch a valuation for the yogurt portfolio of nearly 10 times the unit's 12-month earnings before interest, taxes, depreciation and amortization of about $250 million, the sources said. General Mills and JPMorgan declined to comment. Shares of General Mills have fallen about 19% over the past year to $71.04 on Friday, valuing the company at about $40 billion. In March, General Mills topped market expectations for third-quarter sales and profit, boosted by higher prices for its breakfast cereals, snack bars and pet food products that helped cu Show less Read more
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