April 30, 2024 11:31 GMT
General Mills (GIS; Baa2, BBB; S)
CONSUMER STAPLES
- Its announced acquisition of European pet food co; Edgard & Cooper which it says generated €100m+ in sales for FY23 - i.e. not huge.
- Acquisition to be funded with cash on hand - only had $600m at the end of Feb but did come to € markets for a 2-parter since - priced tight vs. where $ traded/against MCD curve.
59 words