French food group Danone has won US antitrust approval to buy US organic food producer WhiteWave Foods, the Justice Department said on Monday.
To win approval for the $10.4 billion deal, Danone agreed to sell its leading US organic yoghurt business Stonyfield Farms, the department said.
In July, the French company announced plans to buy WhiteWave in its largest acquisition since 2007, a move it said would double the size of its US business.
Danone’s brands include Dannon, Evian, Bonafont and the medical nutrition brand Nutricia. The purchase of WhiteWave, Danone’s largest acquisition since 2007, will help it woo affluent consumers who buy WhiteWave’s health food offerings such as Silk almond milk and Earthbound Farm organic salad.
Full Content: Times Union
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI