Tuesday, July 3, 2007

Danone suspended, sale of biscuits expected

(Reuters) - Danone's share price rose as much as 3.1 percent on Monday as a source familiar with the matter and media reports said the company is looking to sell its biscuits unit. Prices cited ranged from 3.5 billion to 4 billion euros .




Danone declined to comment on the reason for its stock suspension, announced by the Euronext stock exchange. It said a meeting with the group's trade union representatives would begin at 0730 GMT.


Read more at Reuters.com Business News

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