Message #81 From:
NewsBot Date: March 26, 2007 11:19:00 AM
GIS News General Mills Announces Redemption of Zero Coupon Convertible Senior Debentures Due 2022
MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. (NYSE:GIS) today announced that it is redeeming all of its outstanding Zero Coupon Convertible Senior Debentures due 2022 (CUSIP Nos. 370334 AT1 and 370334 AU8) (the “Debentures”) on April 25, 2007 for a redemption price equal to the accreted value of the Debentures, which will be $734.45 per $1,000 principal amount at maturity of the Debentures.
As a result of the redemption, all Debentures are immediately convertible in accordance with the terms of the Debentures and the indenture governing the Debentures.
Holders of Debentures will receive a Notice of Redemption that describes the process for redeeming or converting their Debentures. Holders with questions concerning these procedures, or wanting to request additional copies of the Notice of Redemption, should contact BNY Midwest Trust Company, the trustee for the Debentures, at (312) 827-8547.
This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell any Debentures. Holders of Debentures are encouraged to read the Notice of Redemption, the Debentures and the indenture governing the Debentures prior to making any decision with respect to the redemption or conversion of their Debentures.
