Two months after announcing its exclusive negotiating agreement with the owners of Yoplait, General Mills said on Wednesday that it finalized a deal for a 51 percent stake in the world’s second-largest yogurt brand after Danone.

Minneapolis-based General Mills, maker of Cheerios and Wheaties cereals, will pay $1.15 billion for a 51 percent controlling stake in Yoplait’s operating business, as well as a 50 percent share on the licensing side.

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