(Reuters) - Earlier on Tuesday, the world's biggest cookie maker Kraft
Foods agreed to pay 5.3 billion euros in
cash for the second-largest biscuit operation to boost the U.S.
group's European and Asian presence.
Analysts said the deal will wipe out Danone's 2.9 billion
euro debt and give it the money to chase acquisition targets
such as Dutch baby food group Numico , or raise its
stake in Russian food group Wimm-Bill-Dann , buy out
Chinese partner Wahaha or raise its holding in Japan's Yakult
.
Read more at Reuters.com Mergers News
Foods agreed to pay 5.3 billion euros in
cash for the second-largest biscuit operation to boost the U.S.
group's European and Asian presence.
Analysts said the deal will wipe out Danone's 2.9 billion
euro debt and give it the money to chase acquisition targets
such as Dutch baby food group Numico , or raise its
stake in Russian food group Wimm-Bill-Dann , buy out
Chinese partner Wahaha or raise its holding in Japan's Yakult
.
Read more at Reuters.com Mergers News
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