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Danone to sell Stonyfield to Lactalis for $875 million

French multinational food-products corporation, Danone, has agreed to sell its U.S dairy business, Stonyfield, for $875 million, Reuters reported. The buyer is Lactalis, the second largest food products group in France, behind Danone. The deal is expected to be completed in the third quarter of 2017.


M&A,mergers and acquisitions,M&A deals,strategic acquisitions