PAI Expects New Bids for 50% Yoplait Stake

Paris-based private equity firm PAI Partners is expecting offers to buy its 50% stake in Yoplait, Reuters reported. One offer, an unsolicited $1.9 billion bid from European dairy group Lactalis, was rejected last week as too low, and because it would have forced out French shareholder Sodiaal, Reuters said. Possible new bidders for the stake could include Nestle and General Mills.

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