Deals
Danone Shares Drop as Analysts Fume Over WhiteWave Reporting
- Including deal immediately ‘does Danone no favors’: analyst
- Yogurt maker’s sales growth the weakest in at least a decade
Here Are Some Reasons Why Danone Bought WhiteWave Foods
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Danone shares fell after the world’s largest yogurt maker reported the third consecutive quarterly drop in volume and irked analysts by saying it will include this month’s $10 billion takeover of WhiteWave Foods Co. in its like-for-like sales figures for 2017.
The stock declined as much as 2.8 percent to 61.91 euros in Paris, even after the maker of Activia yogurt raised its forecast for profit growth this year.