Can General Mills Make the Dough with Pillsbury?
by Ryan W. Quinn, Gerry Yemen 7 pages. Publication date: Mar 27, 2007. Prod. #: UV0856-HCB-ENG Why do so many corporate initiatives, such as mergers and acquisitions, downsizings, or re-engineerings, look good on paper and turn out so poorly? This case offers the beginnings of one example of a corporate initiative: General Mills’ acquisition of the Pillsbury subsidiary from Diageo PLC. Although General Mills financial advisors seemed to think that the balance sheets and products of the two corporations complemented each other and made a perfect match, the organizations were very different…Read More ยป This is a Darden case study. Why do so many corporate initiatives, such as mergers and acquisitions, downsizings, or re-engineerings, look good on paper and turn out so poorly? This case offers the beginnings of one example of a corporate initiative: General Mills’ acquisition of the Pillsbury subsidiary from Diageo PLC. Although General Mills financial advisors seemed to think that the
