Danone To Buy WhiteWave Foods
July 7, 2016 | 1 min to read
France's Danone, the world's largest yogurt maker, said on Thursday it would buy WhiteWave Foods in a deal that values the U.S. organic foods producer at $12.5 billion, including debt.
A statement released by Danone early on Thursday said that it was to acquire WhiteWave with a transaction price of $56.25 per share in cash. It said the acquisition would double the size of Danone's U.S. business.
In addition, Danone said the acquisition "immediately accelerates (its) journey towards strong sustainable and profitable growth by 2020."
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