General Mills has announced the sale of its North American yogurt business, including brands like Yoplait and Liberté, to French dairy companies Lactalis and Sodiaal for $2.1 billion. The transaction, expected to finalize by 2025, involves the transfer of manufacturing facilities in Tennessee, Michigan, and Québec. The sale aligns with General Mills' Accelerate strategy to focus on higher-margin and growth potential brands, despite being about 3% dilutive to the company's earnings in the first year post-close. Increased competition from companies like Danone and Chobani contributed to the decision to exit the North American yogurt market. Proceeds from the sale will be used for share repurchases, and General Mills will provide further financial details in its upcoming earnings report. The company's shares have risen approximately 12% year-to-date.