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General Mills Hit With Downgrade After Blue Buffalo Deal
Monday, February 26, 2018 - 11:28am | 366General Mills, Inc. (NYSE: GIS) announced Friday that it was expanding into pet food with the $8-billion acquisition of Blue Buffalo Pet Products Inc (NASDAQ: BUFF). Investors reacted to the news with a 3.6-percent sell-off and analysts were similarly unenthused. The Rating Societe Generale...