Danone to Pay $16.8 Billion for Dutch Baby Food Maker
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Groupe Danone, the worldâs largest yogurt products company, said it planned to buy Royal Numico for 12.3 billion euros ($16.8 billion).
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The French food group said it was offering $16.8 billion to buy Dutch baby food company Royal Numico, which is recommending that shareholders accept the deal.
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Kraft Foods announced Tuesday that it has offered $7.2 billion in cash to acquire the biscuit division of French food company Groupe Danone.
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PARIS/AMSTERDAM  - French food group Danone  offered 12.3 billion euros ($16.8 billion) for Dutch rival Numico  to forge what it said would be the world's largest health and nutrition company.
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French food group Danone , which is finalizing a 12.3 billion-euro ($17 billion) agreed bid for Dutch baby-food and special nutrition company Numico , has already acquired 26.4 percent of Numico, regulatory filings showed on Wednesday.
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Ahold NV AHLN.AS, the Dutch  grocery operator, and three former top executives have agreed  to settle U.S. securities fraud charges related to massive  overbooking of profits, the company and U.S. regulators said on  Wednesday.
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VEVEY, Switzerland -- Nestle SA, the world's biggest food and drink company, will buy the medical nutrition unit of pharmaceutical company Novartis for $2.5 billion, the companies said Thursday.
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Nestle SA, the world's largest food maker, may buy baby-food company Gerber Products along with a medical nutrition business from Swiss drugmaker Novartis AG for as much as $5 billion, according to a published report.
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Kraft Foods Inc. plans to buy Groupe Danone SA's biscuit unit for $7.2 billion to become Europe's largest maker of cookies.
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Danone, the world's second largest bottled water business, stunned analysts last week by announcing that it will sell its water activities in Italy - Europe's largest bottled water market.
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Fisher &amp; Paykel Appliance Holdings Ltd announced the acquisition of US manufacturer Dynamic Cooking Systems Inc (DCS) for a total of $NZ83.
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Private equity firm Blackstone Group  plans to buy Pinnacle Foods Group Inc., known for its Vlasic pickles brand, for about $2.16 billion, the companies said on Monday.
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French food group Danone  is in exclusive talks to sell its biscuit and cereal unit for 5.3 billion euros ($7.2 billion) in cash to Kraft Foods Inc , the world's biggest cookie maker, they said on Tuesday.
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ZAANDAM - Dutch food retailing giant Ahold announced it would take over a 20% stake in the ICA Swedish supermarket chain from Norwegian Canica group for 811 million euros.
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Sales of milk and baby food are making this a much more profitable company.
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A company that made contaminated pet food that killed dozens of dogs nationwide will pay $3.1 million in a settlement with pet owners, an attorney said yesterday.
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A company that made contaminated pet food that killed dozens of dogs nationwide will pay $3.1 million in a settlement with pet owners, an attorney said Friday.