Grupo Lala Leads Bids For Danone's Stonyfield Farm
May 22, 2017 | 1 min to read
Mexico's Grupo Lala has emerged as the lead bidder for Stonyfield Farm Inc., the well-known U.S. maker of organic yogurt.
Talks are at an advanced stage and deal could come before the end of the month, according to people familiar with the matter. The price the big Latin American dairy company might pay couldn't be learned, but another bidder offered $850 million. Negotiations could break down, and Grupo Lala could still be outbid by a rival suitor.
Inner Mongolia Yili Industrial Group, China's largest dairy company, announced earlier this month plans to bid $850 million for Stonyfield, a subsidiary of France's Danone SA based in Londonderry, N.H.
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