(Bloomberg) -- Groupe Danone SA, six days after
agreeing to sell its cookie unit to Kraft Foods Inc., unveiled
its biggest acquisition: a 12.3 billion-euro ($16.8 billion)
offer for Dutch baby-food maker Royal Numico NV.
Chief Executive Officer Franck Riboud said Paris-based
Danone will pay 55 euros for each share of Numico, whose Cow &
Gate and Nutricia brands own 40 percent of the European market
for baby foods. The offer is 38 percent more than Numico's
closing price last week.
Read more at Bloomberg Currencies News
agreeing to sell its cookie unit to Kraft Foods Inc., unveiled
its biggest acquisition: a 12.3 billion-euro ($16.8 billion)
offer for Dutch baby-food maker Royal Numico NV.
Chief Executive Officer Franck Riboud said Paris-based
Danone will pay 55 euros for each share of Numico, whose Cow &
Gate and Nutricia brands own 40 percent of the European market
for baby foods. The offer is 38 percent more than Numico's
closing price last week.
Read more at Bloomberg Currencies News
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