Big Food should resist organic Thanksgiving feast

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23/11/2017 16:00

(The author is a Reuters Breakingviews columnist.  The opinions 
expressed are her own.) 
    By Lauren Silva Laughlin 
    DALLAS, Nov 23 (Reuters Breakingviews) - Natural-foods 
businesses have grown faster than processed purveyors of late. 
That makes $4.3 bln organic producer Hain a tempting target for 
Nestlé or others. But high valuations, changing consumer tastes 
and the looming threat of Amazon warrant moderation over M&A 
indulgence.  
     
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    CONTEXT NEWS  
    - Nestlé is among the companies interested in purchasing 
Hain Celestial Group, Bloomberg reported on Nov. 21, citing 
people familiar with the matter. It could buy some of all of the 
company, which owns brands including Terra and Earth's Best, the 
story said. 
    - Earlier this year French dairy group Danone closed its 
purchase of WhiteWave, a maker of milk-substitute products, for 
$10.4 billion. The deal was announced the summer prior, and was 
the company's largest since 2007. In July, Campbell Soup bought 
Pacific Foods for $700 million.     
    - For previous columns by the author, Reuters customers can 
click on  SILVA/      
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Nestle is among potential suitors for Hain Celestial - Bloomberg 
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BREAKINGVIEWS-Campbell Soup deal is mmm mmm meh     urn:newsml:reuters.com:*:nL1N1JY0MS 
BREAKINGVIEWS-Unilever struggle gives hope to predators    
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 (Editing by Rob Cox and Bob Cervi) 
 ((Lauren.SilvaLaughlin@thomsonreuters.com; Reuters Messaging: 
Lauren.SilvaLaughlin.thomsonreuters.com@reuters.net)) 
 
Keywords: NESTLE HAIN CELESTIAL/BREAKINGVIEWS