Post Brexit M&A from, er, Danone and Shanks

Hat tip to hacks Arash Massoudi and James Fontanella-Kahn over the Financial Times for landing the scoop overnight about Danone's $12.5 billion acquisition of health food specialist WhiteWave Foods. The deal was subsequently announced this morning.

I suspect Danone's purchase of Whitewave means any potential acquistion of baby food maker Mead Johnson by Danone is likely to be off the table for quite some time...