Brazilian multibillion-dollar investment firm, 3G Capital, is reportedly likely to target General Mills for its next acquisition, according to BakeryandSnacks.com. The investment firm has been reportedly raising as much as $10 billion for the acquisition.
Euromonitor’s senior food analyst, Pinar Hosafci, told the source that General Mills is attractive due to its overlap with another recent acquisition by 3G. Hosafci also said that General Mills has been looking for ways to make itself more financially attractive.
Earlier this month General Mills announced a new global organizational structure expected to impact approximately 400-600 positions world-wide.
