FRANCE: Danone shares up on bid speculation
Shares in French food and drinks group Danone rose by more than 3% on Friday on the back of speculation that it may be a takeover target for either Kraft Foods Inc. or PepsiCo Inc. Danone said it had no comment to make on the rumours.
Speculation was fuelled by comments from the French Industry Minister Francois Loos which were interpreted as an indication that the government may cease in its efforts to protect Danone from a hostile bid.
The company has been the subject of continual takeover speculation for some time, with PepsiCo often cited as a possible suitor.
Coca-Cola announced last week that it was taking over full control of its US water joint venture, CCDA Waters, buying out its partner, Danone. However, speculation over the poor performance of the CCD...
PepsiCo has denied press reports that it is looking to acquire Groupe Danone....
In a tough market for the home and office delivery segment of the US water market, Danone may have to cut the value of its subsidiary DS Waters, the UK's Financial Times reported today....
Groupe Danone is pulling out of the brewing industry....
Danone has completed another share buyback transaction....
Danone and Yakult have announced a joint venture to sell probiotic products in India. The move marks the first entrance by either company into the Indian market, in which they are aiming to become lea...
Danone has announced plans for a joint venture in India with Japan's Yakult Honsha Co. ...
France's Groupe Danone said on Friday that it had finally reached an agreement with The Coca-Cola Company to amend their existing deal regarding the distribution of retail bottled water products in No...
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