General Mills completed the acquisition of the pet treats business of Tyson Foods for $1.2bn.

General Mills, a global food company, completed the acquisition of the pet treats business of Tyson Foods, a protein-focused food company, for $1.2bn. “This acquisition advances our Accelerate strategy and further reshapes our portfolio for growth by adding an attractive business to our fast-growing Pet platform. Today’s announcement reinforces our commitment to using all capital allocation levers – including investment in the business, dividend growth, strategic acquisitions, and share repurchases - to drive top-tier shareholder returns over the long term," Jeff Harmening, General Mills Chairman and CEO.