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General Mills to Buy Blue Buffalo in $8B Deal

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The deal is expected to close this fiscal year.

MINNEAPOLIS and WILTON, CT — General Mills Inc. will acquire Blue Buffalo Pet Products Inc. in an $8 billion deal, the companies announced.

“The transaction establishes General Mills as the leader in the U.S. Wholesome Natural pet food category, the fastest growing portion of the overall pet food market, and accelerates its portfolio reshaping strategy,” according to the release.

General Mills will pay $40 per share in cash for Blue Buffalo.

Founded in 2002, Blue Buffalo is the fastest-growing major pet food company making natural foods and treats for dogs and cats, according to the release.

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“The addition of BLUE to our family of well-loved brands provides General Mills with the leading position in the large and growing Wholesome Natural pet food category and represents a significant milestone as we reshape our portfolio to drive additional growth and value creation for our shareholders,” said Jeff Harmening, General Mills’ chairman and CEO.

Billy Bishop, CEO of Blue Buffalo, said: “I have been impressed by General Mills’ strong track record of accelerating growth for its natural and organic brands, while giving them the freedom to maintain their own unique culture and identity. General Mills will be a tremendous home for our BLUE brand as our talented team of over 1,700 ‘Buffs’ joins this new extended family.”

The transaction, which has been approved by the boards of directors of General Mills and Blue Buffalo, is subject to regulatory approvals and other customary closing conditions. It is expected to close by the end of General Mills’ fiscal 2018.

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Video: Brave Housecat Fends Off 3 Coyotes

This feline showed moxie.

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A cat in the Highland Park neighborhood could have been in serious trouble when three coyotes came along.

But Max, who belongs to Maya Gurrin, showed amazing courage, CBS Los Angeles reports.

Max was surrounded, and the coyotes were nipping at him. But Max showed no fear. He even caused one of the coyotes to back away and jump onto a nearby wall.

“He’s always been crazy,” Gurrin said. “Like, if this were to happen with any cat, it would be him.”

The entire scene was captured on security camera.

As tough as Max may be, his owners have nonetheless decided not to let him roam outdoors anymore.

Watch the video:

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Dogs May Be More Perceptive Than We Ever Realized, Study Finds

Even untrained strays can read human gestures.

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Dogs seem to be able to interpret human gestures even when they’ve had no training, a new study has found.

As any dog owner knows, pet canines understand commands and gestures with ease. A group of researchers set out to determine whether these capabilities are innate or require training, according to a report from Frontiers Science News.

The researchers looked specifically at pointing, with Dr. Anindita Bhadra of the Indian Institute of Science Education and Research Kolkata, India, and colleagues studing stray dogs in several Indian cities.

“The researchers approached solitary stray dogs and placed two covered bowls on the ground near them,” Frontieers Science News reports. “A researcher then pointed to one of the two bowls, either momentarily or repeatedly, and recorded whether the dog approached the indicated bowl.”

About 80 percent of participating dogs successfully followed pointing gestures.

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“We thought it was quite amazing that the dogs could follow a gesture as abstract as momentary pointing,” Bhadra was quoted saying. “This means that they closely observe the human, whom they are meeting for the first time, and they use their understanding of humans to make a decision. This shows their intelligence and adaptability.”

The research was published in Frontiers in Psychology.

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State Considers Banning ‘No Pets’ Rental Listings

Some landlords are not happy about the proposed legislation.

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New Hampshire legislators are considering a ban on “no pets” notices in property listings.

Proposed legislation would forbid landlords and home sellers from barring pet owners, the Concord Monitor reports.

They could make rules related to pet deposits, noise control, sanitation and safety, according to the newspaper. But they could set make rules based on size, breed or appearance.

The legislation was proposed by state Rep. Ellen Read, a Democrat from Newmarket. It has drawn opposition from some landords who say it could lead to unsanitary conditions as well as allergy problems for some residents.

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But Julia Seeley, New Hampshire state director for the Humane Society, said her organization supports the bill.

We just strongly believe that a family should not be torn apart simply over housing,” she said.

Read more at the Concord Monitor

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