General Mills, Inc.

MINNEAPOLIS - International Multifoods Corp. announced on Tuesday that it has completed the acquisition from General Mills of the Pillsbury desserts and specialty products businesses. The company paid about $304.5 million in cash for the businesses, which are expected to add approximately $500 million in annual net sales.

Swiss food and beverages giant Nestle SA today expressed interest in taking full control of the Haagen-Dazs ice cream business by buying the 50 percent stake owned by its partner in the venture, Pillsbury Co., the Associated Press reported.