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Danone Boosts US Business With $10 Billion WhiteWave Deal

July 07,2016 12:10

The announcement comes roughly 18 months after Chief Executive Emmanuel Faber took the reins at the Paris-based company, vowing to return Danone to sustainable growth, partly by restructuring its business in China and overhauling its fresh-dairy unit.

PARIS—Danone SA has agreed to buy U.S. organic-foods producer WhiteWave Foods Co. for $10.4 billion, a deal that would hand it a slice of the fast-growing market for organic food and more than double its North American revenue. The French dairy company said on Thursday that it would pay $56.25 in cash for each WhiteWave share. The deal—Danone’s largest acquisition in a decade—would boost the company’s upmarket product line with...

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