General Mills Stock Price, News & Analysis

General Mills is reintroducing happy-heart shapes in Honey Nut Cheerios and original Cheerios, with new flavors like Blueberry, Chocolate, and Cinnamon starting late January. The limited-edition boxes will be available nationwide. In February, a free box of Honey Nut Cheerios will be offered through a rebate, promoting National Heart Health Month. Cheerios aims to raise awareness about heart health as nearly 1 in 3 American adults face high cholesterol. The new Cheerios boxes retail at $3.99 for 10.8oz and $4.99 for 19.8oz.

General Mills announced the terms for its Exchange Offer, allowing holders of Existing Notes to exchange them for cash and newly issued notes due 2051. For each $1,000 of Existing Notes tendered by January 21, 2021, the company will offer up to $600 million in New Notes with a yield of 3.013%. Key details include cash payments, total consideration calculations, and priority levels for tendering notes. The Exchange Offer will expire on February 4, 2021. Eligible Holders must certify their status to participate in the exchange.

General Mills has announced the early participation results of its Exchange Offer for four series of notes. As of January 21, 2021, the company reported valid tendered amounts totaling $115.9 million for 5.400% Notes due 2040, $202.4 million for 4.700% Notes due 2048, $215.3 million for 4.550% Notes due 2038, and $64.8 million for 4.150% Notes due 2043. The Exchange Offer will close on February 4, 2021. General Mills has increased the exchange consideration by $30 for each $1,000 of existing notes tendered after the early participation time, ensuring equal consideration for all validly tendered notes.

Nature Valley, the leading granola bar brand, has launched Protein Crunch bars featuring 10 grams of protein and a unique creamy, crunchy texture. This new product targets consumer demand for tasty, affordable protein snacks. Available in Peanut Butter and Chocolate Peanut Butter flavors, the bars contain no artificial ingredients. Priced at $4.49 for a five-count box, they are accessible in retail locations nationwide. Nature Valley continues its commitment to wholesome ingredients, reinforcing its brand legacy since 1975.

General Mills (NYSE: GIS) has initiated an Exchange Offer to swap existing notes for new notes due 2051, with a total value not exceeding $750 million. The offer includes four series of existing notes totaling $2.1 billion and is contingent on at least $300 million in valid tenders. The deal features an early participation payment of $30 per $1,000 of existing notes and will close on February 4, 2021. Participation is limited to qualified institutional buyers and accredited investors, ensuring compliance with regulatory standards.

General Mills and got milk? have launched a historic partnership to promote the benefits of cereal and milk together. Limited-edition packaging featuring popular cereal characters will highlight this initiative. Key benefits include health: cereals provide whole grains, fiber, and essential vitamins, while milk is a top calcium source. Affordability: A serving costs around $0.50. Simplicity: The combination offers a quick breakfast solution. Additionally, the partnership includes coupons and digital rebates to further enhance affordability.

The 2021 Dr. Martin Luther King, Jr. Holiday Breakfast, hosted by General Mills and UNCF, will feature Dr. Bernice King and Ambassador Andrew Young discussing Dr. King's legacy and social justice issues. The event, themed 'Our Rising Voices: A Call for Bold Social Action,' takes place on January 18, 2021, at 9 a.m. CST. Proceeds will support UNCF scholarships for local students. This annual event, running since 1991, reiterates the importance of education and social change, reflecting on Dr. King's teachings and the urgent need for community action.