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Danone to buy US group WhiteWave Foods for $10bn

Danone said on Thursday it reached a $10bn deal to buy American organic food maker WhiteWave Foods Co, expanding the French yoghurt maker’s presence in health foods and the US market
Danone to buy US group WhiteWave Foods for $10bn
Danone offers $10bn for US organic foods group

Danone (EPA:BN) said on Thursday it reached a $10bn deal to buy American organic food maker WhiteWave Foods Co (NYSE:WWAV), expanding the French yoghurt maker’s presence in health foods and the US market.

Danone is to pay $56.25 per share in the deal, 24% above WhiteWave's average stock value over the past month. Including debt and other liabilities, the value of the deal reaches $12.5bn.

Denver-based WhiteWave went public in 2012 and makes Horizon brand organic dairy products, coffee creamers and plant-based dairy alternatives such as Silk brand soy and almond milk.

Danone shares closed up 1.88% at EUR64.50 in Paris. WhiteWave shares were up 18.5% at $56.21 in New York.

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WhiteWave Foods Co. Timeline

Newswire
November 10 2015

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