(Reuters) - They said Danone was paying a big premium for the strong growth of Europe's largest maker of baby food in a deal set on Monday, only days after Danone had agreed to sell its biscuits business to U.S.-based Kraft Foods for 5.3 billion euros.
But Danone Chairman and Chief Executive Franck Riboud said at a news conference the 55 euro offer per Numico share, which is 44 percent above Numico's average share price over the past three months, was within the limits the company's board had set.
Read more at Reuters.com Mergers News
But Danone Chairman and Chief Executive Franck Riboud said at a news conference the 55 euro offer per Numico share, which is 44 percent above Numico's average share price over the past three months, was within the limits the company's board had set.
Read more at Reuters.com Mergers News
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