Rumours of a bid by PepsiCo for Danone sent the French dairy firm's shares soaring, but led to an outcry among French politicians worried about the loss of a 'national champion'. PepsiCo's insistence that no offer was planned suggests these fears were exaggerated this time round. However, the row will likely deter foreign suitors from bidding for Danone in future.
FRANCE: PepsiCo/Danone - a storm in a yogurt pot (COMMENT)
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