Deals
Danone to Buy U.S. Soy-Milk Maker WhiteWave for $10 Billion
- WhiteWave is one of the fastest-growing U.S. food companies
- French yogurt maker expects $300 million of synergies by 2020
Danone Agrees to Buy WhiteWave for $10 Billion
This article is for subscribers only.
Danone agreed to buy WhiteWave Foods Co. for about $10 billion to add the best-selling U.S. soy milk brand Silk and expand in organic food in its biggest acquisition in almost a decade.
Investors will receive $56.25 a share in cash, Danone said in a statement Thursday. That’s 19 percent higher than WhiteWave’s closing price Wednesday. WhiteWave began trading in 2012 after U.S. dairy company Dean Foods Co. spun off the unit, which was its most profitable business. Danone shares rose as much as 5.8 percent in early Paris trading.