Nestle Readies Haagen-Dazs Takeover

Nestle will likely take full control of Pillsbury in a joint venture that sells Haagen-Dazs ice cream in the U.S. The $1 billion purchase is contingent on the recent FTC approval of Diageo's sale of Pillsbury to General Mills. Terms of the venture allow Nestle to purchase the remaining 50% it doesn't own if Haagen-Dazs ownership changes.

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