After the Pillsbury merger was announced, rivals attacked in some key markets. Most notably, Kellogg became the industry leader in breakfast cereal for the first time since 1999.FAMISHED FOR NEW PRODUCTS
New products and innovative extensions shrank in the merger's aftermath. Typically, General Mills launches close to 25 new products in each quarter. In the fourth quarter there were only two.STARVED FOR PROMOTIONS
Pillsbury reduced its marketing budget before the merger closed, and sales of such brands as Progresso soups and Pillsbury biscuits declined.