Deals
Danone’s $10 Billion U.S. Deal Adds Soy Milk, Kale to Menu
- French yogurt maker to buy WhiteWave in cash acquisition
- WhiteWave shares rise 20%; analysts say higher bids possible
Danone to Buy WhiteWave in Cash Acquisition
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Emmanuel Faber’s first big move as Danone’s chief, the $10 billion takeover of WhiteWave Foods Co., is a foray into soy milk, protein shakes and kale aimed at kickstarting growth at the French yogurt maker that’s grappling with a drop in dairy consumption.
The Paris-based producer of Actimel drinks agreed to buy the U.S. company for $56.25 a share in cash, gaining leadership in the burgeoning natural and organic food sector through its biggest acquisition in almost a decade.