Nestlé discusses Haagen-Dazs

- Last updated on GMT

Related tags: Food giant nestle, General mills, Nestle sa

US cereal maker General Mills Inc. has entered talks with Swiss
food giant Nestle SA on the future of Haagen-Dazs ice cream, a
joint venture between Pillsbury...

US cereal maker General Mills Inc. has entered talks with Swiss food giant Nestle SA on the future of Haagen-Dazs ice cream, a joint venture between Pillsbury Co. and Nestle, the Daily Deal reported today. The agreement governing the joint venture gives Nestle the option to buy out Haagen-Dazs at a price specified in the pact when Pillsbury comes under new ownership, according to bankers and analysts. The condition was filled in July, when General Mills concluded a deal to take over Pillsbury from its British parent Diageo plc.

Related topics: Market Trends

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