Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!americast.com!americast.com!americast-post Newsgroups: americast.latimes.money From: americast-post@AmeriCast.Com Organization: American Cybercasting Approved: americast-post@AmeriCast.com Subject: OTHER NEWS Date: Thu, 5 Nov 92 06:55:12 EST Message-ID: HEADLINE: OTHER NEWS Publication Date: Wednesday November 4, 1992 BYLINE: General Mills Calls Off Deal for Nabisco Cereal Unit: General Mills said regulatory obstacles forced cancellation of a deal to buy RJR Nabisco's cereal business. The two companies had signed a contract Sept. 1 for General Mills to purchase Nabisco's cold cereal business in the United States and Canada for $450 million in cash. However, the companies said they were dropping the plan because it appeared likely that federal and state regulators would require a lengthy review of the acquisition. In view of the competitive nature of the cereal industry, the companies said preoccupation with a prolonged review would hurt both General Mills and Nabisco, whose most famous cereal is Shredded Wheat. This article is copyright 1992 The Los Angeles Times Home Edition. Redistribution to other sites is not permitted except by arrangement with American Cybercasting Corporation. For more information, send-email to usa@AmeriCast.COM