Danone (BN)

Index:

CAC 40

  65.70
   
  • Change Today:
     -0.50
  • 52 Week High:  67.44
  • 52 Week Low:  56.84
  • Currency: Euro
  • Shares Issued: 641.87m
  • Volume: 1,417,343
  • Market Cap:  42,171m
  • Beta: 0.22

Danone announces sale of Stonyfield to Lactalis

By Ikaba Koyi

Date: Monday 03 Jul 2017

LONDON (ShareCast) - (ShareCast News) - Danone, the French food group, sold one of its US dairy subsidiaries to rival Lactalis.






It sold Stonyfield for $875m as a part of its commitments with US authorities following its takeover of organic food group Whitewave.

Stonyfield had turnover of approximately $370m in 2016.

The price paid by Lactalis represented 20 times Stonyfield's 2016 EBITDA.

Subject to approval from the Department of Justice and other customary conditions, the transaction was expected to close in the third quarter of 2017.

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Danone Market Data

Currency Euro
Share Price   65.70
Change Today   -0.50
% Change -0.76 %
52 Week High  67.44
52 Week Low  56.84
Volume 1,417,343
Shares Issued 641.87m
Market Cap  42,171m
Beta 0.22

What The Brokers Say

Strong Buy 6
Buy 7
Neutral 9
Sell 2
Strong Sell 0
Total 24
buy
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Trades for 31-Oct-2024

Time Volume / Share Price
17:39 3,283 @  65.70
17:35 863 @  65.70
17:35 2,345 @  65.70
17:35 115 @  65.70
17:35 118 @  65.70

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