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Danone Nears $10 Billion Deal For Organic Food Maker

Wal-Mart Stores Inc.'s U.K. Asda Supermarket Store OperationsWal-Mart Stores Inc.'s U.K. Asda Supermarket Store Operations
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(Reuters) – The world’s biggest yogurt maker Danone said it is nearing an agreement to buy organic foods producer WhiteWave Foods in a deal that is likely to value the U.S. company at about $10 billion, the Financial Times reported.

The deal would be Danone’s largest in a decade and the first major transaction by Emmanuel Faber, the company veteran who took over as chief executive in late 2014, the FT said, citing two people who informed about the talks.

A deal may be announced as early as Thursday, according to the people.

Both Danone and WhiteWave Foods were not immediately available for a comment outside regular business hours.