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Yakult plunges after Danone's S$1.8b share sale plan
Published Thu, Feb 15, 2018 · 09:50 PM
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Zurich
YAKULT Honsha shares fell the most in 19 months after Danone, the world's largest yoghurt maker, announced plans to sell about US$1.8 billion of the Japanese company's stock amid pressure from an activist investor to boost returns.
Yakult will offer as many as 24.6 million shares held by Danone, including over-allotment, in a secondary sale, the Japanese company said. The shares are …
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