Activist Investor Stirs Danone's Pot
An activist investor has built a stake in one of the world's biggest yoghurt makers
Danone SA (DANOY) shares rose sharply again Tuesday following reports that an activist investor has built a stake in one of the world's biggest yogurt makers.
Danone was marked 1.9% higher by mid-day in Paris to change hands at €67.70 after Bloomberg reported that Corvex Management, a U.S.-based fund controlled by Keith Meister, has taken a €400 million stake in the French group and wants to press for changes from the company's management that he argues would unlock value in the group.
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