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Article: Danone set to acquire Dutch baby-food firmNumico deal to cost ?12.3 billion in cash
- Article from:
- International Herald Tribune
- Article date:
- July 10, 2007
- Author:
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Julia Werdigier
International Herald Tribune
07-10-2007
Groupe Danone, the world's largest yogurt company, said Monday that it planned to buy Numico, a Dutch baby-food maker, for 12.3 billion as part of its focus on healthy nutrition. Danone, maker of the dairy-based Actimel immunity-lifting drink, offered 55 in cash for each Numico share, which is 44 percent higher than Numico's average closing share price over the past three months, the companies said. The deal would be worth almost $16.8 billion.Danone and Numico had been at the center of speculation about a possible combination for years.Danone's announcement last week to sell its biscuits division to Kraft Foods for 5.3 billion had ...