EU CONSUMER STAPLES: Danone: gives up on Lifeway bid
Sep-18 12:36
(BNFP; Baa1/BBB+)
#MNI #Consumer
Seems Danone will give up on attempting to buy-out the un-owned 77% of Lifeway after multiple attempts. At a market cap of $500m it would have been bolt-on size and Danone has the BS headroom to chase acquisitions.
Lifeway is a US Keifr producer that is doing stellar growth.
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