February 23, 2018 / 11:09 AM / 3 months ago

General Mills to buy pet food maker Blue Buffalo in $8 billion deal

Feb 23 (Reuters) - U.S. packaged foods company General Mills Inc will buy natural pet food maker Blue Buffalo Pet Products Inc in an $8 billion cash deal, Blue Buffalo said on Friday.

The deal values Blue Buffalo at $40.00 per share, representing a premium of 17 percent to Blue Buffalo’s Thursday closing price. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Sai Sachin Ravikumar)

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