General Mills, Nestle Lead Bidders for Yoplait

General Mills Inc. and Nestle SA are among leading candidates to buy a 50% stake in French yogurt maker Yoplait, Reuters said, citing a Bloomberg report. The two food companies have submitted bids to private equity firm PAI Partners, which is selling the stake, and have valued the yogurt company at roughly $2.2 billion. Axa Private Equity is the only remaining buyout firm in the race, Reuters wrote.

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