Christopher Doering

Mostly sold in amusement parks and sporting venues, the expansion opens the brand to thousands of new points of distribution and opportunities for consumers, a top executive said.

Mostly sold in amusement parks and sporting venues, the expansion opens the brand to thousands of new points of distribution and opportunities for consumers, a top executive said.

The CPG giant previously said the yogurt offering, which it acquired as part of its $2.7 billion purchase of Sovos Brands, was not core to its business.

In a letter, Danone said it was “disappointed” by the response to its earlier $283 million proposal and noted the increased price “fully reflects the fundamental potential of the Company.”

CEO Laurent Freixe also told investors and analysts the packaged goods giant plans to fix, rather than sell, the majority of its underperforming businesses.

The dairy company said the revised $27 a-share proposal “substantially undervalues” its business and that it is committed to unlocking additional value for shareholders.

The kefir company said the revised $27 a-share proposal substantially undervalues” its business.

The Mars-owned brand is posting double-digit growth and wooing consumers by solving “a real problem” with its whole grain and fruit products.

The offering is the first limited-time product for the pasta and cheese dish, and Hershey launches the chocolate-wafer confection designed to look like Santa.

The deal with Strauss Group will enable the food and beverage giant to expand its better-for-you portfolio by giving it full control over the dip and spread offerings.