Danone wins antitrust approval to buy food maker WhiteWave [Reuters]
WHITEWAVE FOODS (WWAV)
US:NYSE Investor Relations:
whitewave.com/whitewave-historical-information
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Source: Reuters
Danone wins antitrust approval to buy food maker WhiteWave WASHINGTON French food group Danone SA ( DANO.PA ) has won U.S. antitrust approval to buy U.S. organic food producer WhiteWave Foods Co ( WWAV.N ), the Justice Department said on Monday. To win approval for the $10.4 billion deal, Danone agreed to sell its leading U.S. organic yoghurt business Stonyfield Farms, the department said. Danone did not immediately reply to a request for comment. In July, the French company announced plans to buy WhiteWave in its largest acquisition since 2007, a move it said would double the size of its U.S. business. Danone's brands include Dannon, Evian, Bonafont and the medical nutrition brand Nutricia. The purchase of WhiteWave, Danone's largest acquisition since 2007, will help it woo affluent consumers who buy WhiteWave's health food offerings such as Silk almond milk and Earthbound Farm organic salad. But the Justice Department said in its complaint that the deal could hurt both organic milk
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