Danone Agrees to Buy WhiteWave for $10 Billion

The transcript discusses the economic uncertainty following Brexit and Danone's strategic focus on organic sales growth, particularly in its yogurt business. It highlights the acquisition of WhiteWave, emphasizing its alignment with consumer trends towards healthier living and organic products. The financial aspects of the acquisition, including valuation and expected synergies, are analyzed. The discussion also covers broader market trends, such as the shift towards healthier and cost-effective food options. Finally, the relationship between Danone and WhiteWave's CEOs is noted as a factor in the acquisition decision.

What was Danone's focus in its business strategy post-Brexit?

• Reducing operational costs

• Focusing on organic sales growth

• Expanding into new markets

• Increasing advertising spend

What premium did investors receive per share in the White Wave acquisition?

• 25%

• 10%

• 15%

• 19%

How long is it expected to take for Danone to recover its costs from the White Wave acquisition?

• 3-4 years

• 8-9 years

• 5-6 years

• 6-7 years

What is the current trend in the food industry according to the transcript?

• Focus on traditional packaged foods

• Shift towards healthier and cleaner products

• Increase in fast food consumption

• Emphasis on luxury food items

What is the relationship between the CEOs of Danone and White Wave described as?

• A long-standing friendship

• A recent acquaintance

• A strategic partnership

• A competitive rivalry