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You will now receive the Markets newsletter Technology Insights into what you'll be paying for, downloading and plugging in tomorrow and 10 years from now. You will now receive the Technology newsletter Pursuits What to eat, drink, wear and drive in real life and your dreams. You will now receive the Pursuits newsletter Game Plan The school, work and life hacks you need to get ahead. You will now receive the Game Plan newsletter The acquisition would make Danone the global leader in fresh dairy and health-food brands including Horizon milk, Wallaby Organic yogurt and Earthbound Farm packaged salads as consumers increasingly shun processed foods perceived as unhealthy. WhiteWaves Silk is the biggest-selling soy milk brand in the U.S., benefiting from a shift to dairy alternatives like almond milk.The deal is the second potential takeover in the food industry in recent weeks, following Mondelez International Inc.s advance towards Hershey Co., which the chocolate maker snubbed . A potential takeout of the company has been part of our investment thesis since its spinoff from Dean Foods four years ago, wrote Christopher Growe, an analyst at Stifel. It is likely this potential transaction further fuels the acquisition speculation gripping the food stocks, pushing multiples even higher. The WhiteWave purchase, to be funded through debt, will boost results in the first year after closing, the French maker of Activia yogurt said. Danone expects a $300 million boost to operating profit by 2020. To read Bloomberg Intelligence report on Danone, click here. The purchase will allow us to double the size of our U.S. business and become the world leader in organic, Danone Chief Executive Officer Emmanuel Faber said on a conference call with journalists. WhiteWave CEO Gregg Engles will join Danones board.

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