Danone buys organic products for more than $ 12 bi

Danone and The WhiteWave Foods Company announced on Thursday they have entered into an agreement whereby the French food company will acquire the US company for $ 56.25 per share in cash, representing a total value of $ 12.5 billion, including debt and other liabilities.
The transaction was approved unanimously by the boards of Directors of both companies, according to a statement.
The price represents a premium of approximately 24% over the average closing price of the shares of WhiteWave in the last 30 days ($ 45,43).
The expectation is that there are synergies of $ 300,000,000 to be exploited until 2020, boosting Danone''s business in the United States.
The transaction should be completed by the end of the year and is still subject to shareholder approval of WhiteWave, regulatory certification and other common conditions in this type of agreement.
The WhiteWave is a global company that generated $ 4 billion in sales in 2015 and has platforms in North America and Europe, with brands that include premium organic foods and drinks.
Danone operates in 130 countries and generated sales of 22.4 billion euros in 2015.