• Kyodo


French food giant Danone is not planning to launch a hostile takeover bid for Yakult Honsha Co., although it wants to increase its already sizeable stake in the lactic drink maker, a top Danone executive said.

John Davison, president of Danone’s dairy products division, told a news conference Thursday in Tatebayashi, Gunma Prefecture, that a hostile takeover is not how the conglomerate operates.

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