French food group Danone has made a €55 per share offer for Dutch specialty food group Numico, the two firms announced following the close of trading on Monday.
The bid values Numico at €12.3bn. Trading in Numico shares was stopped at midday pending the announcement. At that point the shares were up 11.4% at €44.50
Danone CEO Frank Riboud said the bid ‘reflected the outstanding quality and positioning (of Numico) as one of the world’s leading firms in healthy eating’.
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