Danone Acquisition of Whitewave Wins U.S. Antitrust Approval
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Source: BFW (Bloomberg First Word)
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BN FP (Danone SA)
WWAV US (WhiteWave Foods Co/The)
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(Bloomberg) -- Danone agreed to sell its Stonyfield Farms brand for its $12.5 billion acquisition of WhiteWave Foods, the Justice Department said
- Without the sale, the acquisition would reduce competition in the market for organic milk, potentially harming dairy farmers in the northeast and U.S. consumers, the government said
- Stonyfield must be sold to independent buyer approved by the U.S.
- Settlement with the antitrust division filed in federal court in Washington
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
BN FP (Danone SA)
WWAV US (WhiteWave Foods Co/The)
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To modify this alert, click here
UUID: 7947283