|Day's Range||15.01 - 15.16|
|52 Week Range||12.21 - 15.77|
|PE Ratio (TTM)||23.72|
|Dividend & Yield||0.36 (2.39%)|
|1y Target Est||N/A|
Announcement: Moody's: EMEA companies' search for revenue and margin growth will drive M&A into 2018. Global Credit Research- 13 Jul 2017. Milan, July 13, 2017-- While modest economic growth and low inflation ...
French food group Danone (DANO.PA) has agreed to sell its U.S dairy business Stonyfield to Lactalis for $875 million, a move designed to address competition concerns stemming from its acquisition of U.S. organic food group WhiteWave. Danone said on Monday that Stonyfield had around $370 million in turnover in 2016, and that the sale price represented a multiple of around 20 times the 2016 earnings before interest, tax, depreciation and amortization (EBITDA) for Stonyfield. Danone shares rose 1.3 percent, in line with a similar rise on the CAC-40 index of French blue chips stocks.
French dairy company Danone said it entered a binding agreement to sell its U.S. dairy business, Stonyfield, to Lactalis for $875 million to address U.S. competition concerns.