This excerpt taken from the GIS 8-K filed Mar 22, 2005.
GENERAL MILLS TO SELL LLOYDS BUSINESS TO HORMEL FOODS
MINNEAPOLIS, MINN. General Mills, Inc. (NYSE: GIS) today announced it has reached an agreement to sell its Lloyds barbecue business to the Hormel Foods Corporation (NYSE: HRL). General Mills plans to complete the sale during the fourth quarter of fiscal 2005.
General Mills purchased Lloyds in 1999. Lloyds produces high-quality refrigerated foods including barbecued ribs and heat-and-eat meats. The business includes one manufacturing facility in St. Paul, Minn., which employs approximately 210 people. Terms of the agreement were not disclosed.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding General Mills, Inc.s business which are not historical facts are forward-looking statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Risk Factors in the Companys Annual Report or Form 10-K for the most recently ended fiscal year.