Reuters logo
in 3 years
BUZZ-Danone shares rise on mounting takeover speculation
June 26, 2014 / 9:11 AM / in 3 years

BUZZ-Danone shares rise on mounting takeover speculation

1 Min Read

** Shares in Danone rise 3 percent, second top gainers on the broad STOXX 600 index.

** Danone investor seminar in New York leaves investors with few clues on how the group will create value, while fuelling M&A speculation.

** Following seminar, Natixis analysts raise Danone rating to "buy" from "neutral", target price to 73 euros from 53 euros.

** Natixis sees increased likelihood Danone could be a takeover target.

** Natixis says either Danone's financial ratios durably improve or it could face takeover bid.

** Nestle, Pepsico seen as most likely potential buyers.

** Danone has market cap of 35.7 billion euros ($48.6 billion)

Reuters Messaging: dominique.vidalon.thomsonreuters.com@reuters.net

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below