Diageo (NYSE: DEO), the world's leading premium drinks company, announces that it has successfully completed the disposal to General Mills of the worldwide operations of Pillsbury in a transaction valued at $10.4 billion. The transaction, originally valued at $10.5 billion, was announced on July 17, 2000. Diageo and General Mills have agreed to amend the original terms of the transaction to reflect changes, which have occurred since announcement.