May 27 2009 - Shares in Italian food company Parmalat rise 4.6 percent to their highest levels since September on press speculation it could be a takeover target for France's Danone. Sector experts cited by Il Sole 24 Ore on Wednesday say Danone could use its 3 billion euro capital raising for acquisitions, with Parmalat and dairy products maker Granarolo possible targets in Italy.
Read more [FoodBizDaily]