General Mills $1 Billion Common Stock Offering

Davis Polk advised the representatives of the underwriters in connection with a $1 billion SEC-registered offering of 22,727,273 shares of common stock by General Mills, Inc. General Mills intends to use the net proceeds from the offering to finance a portion of its pending acquisition of Blue Buffalo Pet Products, Inc.

Based in Minneapolis, Minnesota, General Mills is a global manufacturer and marketer of branded consumer foods sold through retail stores. General Mills is also a supplier of branded and unbranded food products to the food service and commercial baking industries.

Founded in 2002, Blue Buffalo is one of the fastest growing major pet food companies making natural foods and treats for dogs and cats under the BLUE brand, which includes BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom and BLUE Natural Veterinary Diet.

The Davis Polk corporate team included partner John B. Meade and associates Stephen A. Byeff and Roohi Gupte. The tax team included partner Lucy W. Farr and associate Catherine L. Chu. All members of the Davis Polk team are based in the New York office.