General Mills Inc. [s:] shares surged 4% in Thursday trading, paring earlier gains of as much as 7.4% amid takeover chatter. CNBC said earlier reports that 3G Capital was interested in buying the food company aren’t true. General Mills declined to comment. 3G Capital didn’t own General Mills shares, a Dec. 31, 2016 filing shows. General Mills shares closed at a 15-month low on Tuesday. General Mills is down 5.8% for the year so far, while the S&P 500 index is up 6.7% for the period.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News