General Mills, the parent company of popular brands like Cheerios and Häagen-Dazs, is anticipating that the acquisition deal will result in a 3% decrease in adjusted per-share earnings in the first year after closing. This dilutive impact is expected to affect the company’s financial performance temporarily following the completion of the transaction. Despite this initial decrease, General Mills remains confident in the long-term benefits and strategic value of the acquisition.
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Xi Jinping snubs EU-China anniversary summit
Roula Khalaf, Editor of the FT, highlights tensions between the EU and China as President Xi Jinping declines an invitation to a summit in Brussels, leading to concerns about China's commitment to cooperation amidst trade frictions and geopolitical issues. Despite ongoing talks, the EU questions China's trade practices and subsidies, as well as the sincerity of recent Chinese overtures, while navigating a delicate relationship with Beijing amid global uncertainties and conflicting diplomatic signals. EU officials...
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