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General Mills Inc (GIS)

GIS on New York Consolidated

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17 Feb 2017
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Fri, Feb 17 2017

BRIEF-General Mills updates key financial targets for fiscal 2017

* General Mills updates key financial targets for fiscal 2017

Fitch Rates General Mills' $750MM Sr Unsecured Notes 'BBB+'; Outlook Stable

(The following statement was released by the rating agency) CHICAGO, January 10 (Fitch) Fitch Ratings has assigned a 'BBB+' rating to General Mills' $750 million 3.2% senior unsecured notes due 2027. Proceeds from the notes along will commercial paper borrowings will be used to refinance the $1 billion 5.7% senior unsecured notes due February 2017. The Rating Outlook is Stable. A full list of ratings follows at the end of this release. KEY RATING DRIVERS Strong Brands, Modest Growth: Fitch

BRIEF-General Mills files for potential notes offering, size not disclosed

* Files for potential notes offering, size not disclosed - sec filing

Yoplait yogurt, Progresso soups drag on General Mills' sales

General Mills Inc reported lower-than-expected quarterly profit and revenue as intense competition and lower spending on promotions hurt sales of its Yoplait yogurt and Progresso soups in the United States, its biggest market.

General Mills to cut as many as 600 jobs globally

General Mills Inc , the maker of Cheerios cereal, said it would cut as many as 600 jobs globally as part of a new organizational structure and eliminate the position of international chief operating officer.

BRIEF-General Mills sells plant in Indiana to Investor Group

* New owners of plant intend to auction the remaining equipment in early 2017

BRIEF-General Mills elects Alicia S. Boler Davis to board of directors

* General Mills elects Alicia S. Boler Davis to board of directors Source text for Eikon: Further company coverage: ;))

BRIEF-General Mills announces anticipated departure of Christopher O'Leary

* General Mills Inc - announced anticipated departure of Christopher O'Leary, executive vice president and chief operating officer, international

BRIEF-General Mills increases FY dividend by 8 percent to $1.92 per share

* Says declared a quarterly dividend at prevailing rate of $0.48 per share

BRIEF-General Mills CFO says 60 pct of co's yogurt portfolio to be renovated by year end - Conf call

* Executive on conf call says Q1 U.S. cereal net sales down 4 percent due to lower customer inventory levels

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