Homepage / Investment / Danone shares climb after takeover rumors, activist investor interest
Как Стать Стримером Казино%3F Что для Этого Нужно%3 Best Game Software How to Design Engaging and Effective Educational Events Winline Делает Разницу! Букмекерская Контора Winline Онлайн Ставки На Спорт Making Corporate Travel Arrangements Business Virtual Data Room Stock Market Tips For Beginners What to Look for in a VDR Provider Why You Need a Secure Data Room Learning in the Digital Age How to Apply For Business Loans VDR and Document Management Performance Management and HR Outsourcing Modern Business Integration How to Choose the Right Board Portal Software for Your Company How to Choose a Data Storage Room Why Startups Use a Data Room for Investors The Best Web Tools for Designers Use Cases For Using VDR Documents Subsidy Programs and Financing Innovative Technologies for Audit What Is Real Estate Management? Investment and Funds Inspiring Teaching Books What Are the Benefits of a Virtual Data Room? Startups and Business Ideas How to Improve Virtual Board Communication The Lego Company History Investing in the Biotech Industry Financial Startup Basics Jogue Por Dinheiro Actual Em Cassino Onlin Virtual Communication Methods for Remote Leaders How to Choose the Best VDR Providers How Successful Online Businesses Succeed How Business Experts Fuel Innovation and Create Competitive Edge The IT World and Business Deal Making Software and How it Can Help Your Business Virtual Data Room Software Types of Steel Materials and Their Uses Board of Directors Software Bonver Casino Cz Hrací Automaty S Bonusem Zdarm Magazyn Żużel Speedway W Polsce I Na Świeci What Is Logistics School? What Is the VDR for Acquisition? The Best Data Room Apps For Startups Best Practices for Creating an Effective Board Meeting Agenda How to Choose the Best Shareholders Online Platforms Ostdeutsche Biersorten Getting a Construction Management Degree How to Select an Online Data Room Provider Start Your Blog Without Investment What to Look for in a Board Room Provider Data Room Comparison – Which Data Room Is Right For Your Business? Zakłady Sportowe Online Autógrafo Bukmacherska 1xbe “Pin-up O Melhor Cassino Do Brasil Web Site Oficial ᐈ Jogar Caça-níquei Rotating Events in Our Time How to Choose the Best Business Software Choosing an Online Payment Processor Due Diligence Software Virtual Data Room Providers for M&A Due Diligence The Best Online Data Room Benefits of a Due Diligence Data Room Best Practices for Data Rooms Types of Corporate Governance What Is Virtual Data Storage? Benefits of Document Distribution Software The Benefits of a Data Room for Startups Effective Project Management Requires a Mix of Technical and People Skills Top 5 Free File Sharing Services Zakłady Sportowe Online Obstawiaj U Bukmachera Gg Be Speed Up Your Business Valuation With a Data Room How to Choose the Best Board Management Software for Business How to Write Effective Board Decision Papers Choosing Board Meeting Software The Benefits of Document Distribution Software Why Startups Need a VDR for Start-Up Virtual Data Room for Ipos and the IPO Process What is a Board Portal? What Industries Use Virtual Data Room? Advantages of a Data Room What Does a Board Room Provider Do? Data Room Analysis for Venture Capital Funding The Importance of Board Reporting Software Safe Uploading and Downloading Business Files How to Select the Best Board Management Software How to Organize the Work of a Company “gerçek Parayla En Iyi Slot Makineleri Ve Spor Bahisler Which is the Best Podcast For Stock Market Beginners? Virtual Data Room Facts How to Protect Confidential Documents for Boards Advantages of Online Meetings Business Issues to Consider When Choosing a Data Room Provider What Is a Data Room? Virtual Board Room Software Due Diligence Risk Factors How to Choose a Reliable Tool for Data Exchange test Users535352253 Board Software and VDR Programs Business Operations Management Software


Danone shares climb after takeover rumors, activist investor interest

Danone’s U.S.-listed shares rose nearly 7 percent percent on a report that Corvex Management now owns a stake of about $400 million and rumors surfaced of a possible takeover.

Bloomberg reported that Keith Meister’s activist hedge fund has grown its stake in Danone because it thinks the company is greatly undervalued. The fund also reportedly thinks the company can rebound with improvements to operations, Bloomberg reported, though it does not currently plan to publicly advocate for management changes or launch a proxy battle.

Before Monday’s gains, Danone’s American shares had fallen 1.41 percent over the last year. The company is known for its yogurt products but also produces water, baby food and nutritional solutions.

Over the weekend, the New York Post published story that said several companies might be interested in buying Danone. An anonymous source told the Post that Danone “could be bought by a Kraft or a Coke, and the French government would allow it.”

Stifel analyst Mark Swartzberg addressed the New York Post story Monday in a note to investors. He said Kraft Heinz could be a possible buyer but he rebuffed the idea that Coca-Cola would be interested in Danone. A more likely suitor, Stifel said, would be PepsiCo.

“Not only because it evidently explored a purchase in 2005 until perceived resistance from France’s government became an obstacle, but also because (Coca-Cola) is squarely focused on beverages, while (PepsiCo) is a major in food, including the cold section of retail (e.g., Tropicana), and, in our opinion, recent (PepsiCo) manager comments and fundamentals make a transformative transaction more possible,” Swartzberg said.

Kraft Heinz failed a takeover of Unilever earlier this year. Wall Street is awaiting another bid from the company. Stifel said it still thinks Unilever is the “most likely preferred target,” though Mondelez, General Mills, Kellogg and Campbell Soup could also be of interest.

Last year, Danone bought WhiteWave Foods for $12.5 billion. The purchase included perceived health and wellness brands like Soy, maker of nut-based milks, and Horizon, an organic milk brand.

CNBC reached out to Danone, Kraft Heinz, Coca-Cola and PepsiCo for comment but a spokesperson wasn’t immediately available.

Source: Investment Cnbc
Danone shares climb after takeover rumors, activist investor interest

Comments are closed.