PARIS/HONG KONG May 10 Chinese food and dairy
company Inner Mongolia Yili Industrial said on
Wednesday that it planned to bid for Danone's entire
stake in U.S. organic yoghurt business Stonyfield for about $850
Danone declined to comment, while Yili said the deal was in
its preliminary stages.
Danone had said earlier this year that it would sell
Stonyfield, which had 2016 sales of $370 milllion, as part of an
agreement with U.S. authorities to facilitate the completion of
its takeover of U.S. organic food group WhiteWave..
(Reporting by Dominique Vidalon, Hong Kong Newsroom; Editing by