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Inner Mongolia Yili to bid for Danone's Stonyfield

  • Region:

    Mongolia, China

  • Sector:

    Food & Staples Retailing

  • Deal Size:

    $850 million

  • Buy Side Company:

    Inner Mongolia Yili Industrial
  • Sell Side Company:

    Danone
  • Target Company:

    Stonyfield Farm Inc

Chinese food and dairy company Inner Mongolia Yili Industrial has announced its intention to bid for Stonyfield - Danone's stake in the U.S. organic yoghurt business, for about $850 million. Danone has not confirmed the news of the acquisition, according to Reuters.

Tags:

Danone,Yili Industrial,Stonyfield,WhiteWave,M&A deals,mergers and acquisitions,strategic acquisition