Diageo announced today its intention to sell 49,907,680 shares of common stock held in General Mills, Inc. Diageo intends to sell a majority of the shares in an underwritten public offering. Citigroup, Merrill Lynch & Co., Morgan Stanley and Lehman Brothers are acting as representatives of the underwriters in the offering. The remainder of the shares are expected to be sold to General Mills.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities either in the United States or any other jurisdiction, nor shall there be any sale of these securities in and jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration and qualification under the securities laws of any such jurisdiction. Any offer of securities and each announcement thereof is being made in compliance with, and any documents related thereto comply with, the laws and regulations of each state where persons to whom such offer is made are resident. Any public offering of securities in the United States is being made solely by means of a prospectus supplement to the prospectus included in the Registration Statement filed by General Mills, Inc. and previously declared effective.
A written prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933 will be available from Citigroup (388 Greenwich Street, 32nd Floor, New York, NY 10013 tel. 212-816-6000), Merrill Lynch (Merrill Lynch North Tower, New York, NY 10081 tel:212-449-1000) or Morgan Stanley (1585 Broadway, New York, NY 10036 tel: 212-761-4000).
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