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Danone divests, acquires, makes peace--and big profits (from Corporate Dealmaker)

France's Groupe Danone SA's 2007 net income soared 309%, from 1.4 billion euros ($2 billion) in 2006 to 4.2 billion euros. This came from a whirlwind month in July, where Danone sold its cookies and cereals business to Kraft Foods Inc. for 5.3 billion euros. That deal, from which they...

Posted on February 14, 2008 1:15 PM