Danone to buy US food maker WhiteWave for $12.5 bn
Company is paying $56.25 per share in the deal, 24% above WhiteWave's average stock value over the past month
 "Danone to buy US food maker WhiteWave for $12.5 bn")
Yogurt giant Danone says it reached a $12.5 billion deal to buy American organic food maker WhiteWave, expanding the French company's foothold in health foods and the US market.
Paris-based Danone said in a statement today that it is paying $56.25 per share in the deal, 24% above WhiteWave's average stock value over the past month.
Danone hopes to finalise the deal by the end of the year, pending approval by shareholders and regulators.
Denver-based WhiteWave, which went public in 2012, makes Horizon brand organic dairy products, coffee creamers and plant-based dairy alternatives such as Silk brand soy and almond milk.
Paris-based Danone said in a statement today that it is paying $56.25 per share in the deal, 24% above WhiteWave's average stock value over the past month.
Danone hopes to finalise the deal by the end of the year, pending approval by shareholders and regulators.
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Danone is one of the world's leading food companies, producing several dairy brands, baby foods and Evian water.
Denver-based WhiteWave, which went public in 2012, makes Horizon brand organic dairy products, coffee creamers and plant-based dairy alternatives such as Silk brand soy and almond milk.