Well informed sources say French food giant Danone (DANOY.PK) has hired Lazard (LAZ) to work on...

|About: Danone ADR (DANOY)|By:, SA News Editor

Well informed sources say French food giant Danone (DANOY.PK) has hired Lazard (LAZ) to work on a possible bid for Mead Johnson (MJN +14.7%), creating the world's largest milk formula producer and building on its $16.8B purchase of Dutch infant food company Numico two years ago.