Notable Mergers and Acquisitions of the Day 05/24: (GIS) (GE) (WAIR)

• General Mills (NYSE: GIS) said today that it has signed a definitive agreement to acquire Yoki Alimentos S.A., a privately-held food company headquartered in Sao Bernardo do Campo, Brazil. General Mills currently expects the transaction to close during the first half of its 2013 fiscal year, which begins on May 28, 2012, after satisfaction of customary closing conditions.
  
  Yoki is a family-owned Brazilian company established in 1960. Today, its Yoki and Kitano branded products hold leading market positions in several attractive and growing food categories, including snacks (popcorn and snack nuts), convenient meals (side dishes, dry soups), basic foods (grains and beans), and seasonings. Yoki employs more than 5,000 people, and has established a strong operating infrastructure in Brazil, including multiple manufacturing plants and national retail distribution. Yoki reported IFRS sales of R$ 1.1 billion for the year ended December 2011.
  
  The addition of Yoki will more than double General Mills’ annual sales in Latin America to nearly US$1 billion.
  
  
• NYSE Euronext (NYSE: NYX) has entered into a definitive agreement to acquire Corpedia Corporation (Corpedia), a leading global provider of ethics and compliance e-learning and consultative services. With its corporate governance, risk and compliance (GRC) assets, Corpedia will further expand the New York Stock Exchange’s (NYSE) extensive range of global services available to its issuer community.
  
  The transaction is expected to close in June 2012. Terms of the acquisition were not disclosed.
  
  A leading provider in the GRC advisory and eLearning market, Corpedia serves more than 500 customers across all industry sectors including approximately 25% of Fortune 500 companies.
  
  
• Wesco Aircraft Holdings, Inc. (NYSE: WAIR), has entered into an agreement to acquire substantially all of the assets of Interfast Inc. for CDN$134 million in cash.
  
  The Company expects the acquisition to close toward the end of its fiscal third quarter or the beginning of its fiscal fourth quarter, subject to customary closing conditions. The acquisition is not expected to have a material impact on Wesco’s adjusted diluted earnings per share for its current fiscal year, but is expected to be accretive on that basis in fiscal 2013.

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