General Mills Set to Buy 50% of Yoplait

General Mills is set to buy the 50% stake of yogurt maker Yoplait owned by PAI Partners. The food giant will pay about 800 million euro ($1.1 billion) for the stake, Reuters reported. The deal values Yoplait at 1.6 billion euros, which is four times the value of the business when PAI Partners invested in 2002, Reuters said. French dairy cooperative Sodiaal will retain the remaining 50 percent of the business.

DealsPeopleNorth AmericaUSBriefs