Paris-based company spits up $16.8B for big-boy serving of baby food market
(Newser) -
French food corp Groupe Danone put in a $16.8B cash offer to buy baby food magnate Royal Numico—at just under $75 a share, a 38% premium over last week's closing price. The acquisition will make Danone an industry leader in the baby food market and should be finalized...
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