Danone, Paris, and The WhiteWave Foods Co., Denver, have entered into a definitive merger agreement under which Danone will acquire WhiteWave for $56.25 a share in an all-cash transaction, representing a total value of approximately $12.5 billion, including debt and certain other WhiteWave liabilities, the companies say.
The transaction has been unanimously approved by the Board of Directors of both companies, they add. The transaction is expected to close by the end of the year, subject to the approval of WhiteWave’s shareholders, regulatory approvals and customary conditions.