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Mexico’s Grupo Lala Is Lead Bidder for Danone’s Stonyfield Farm

Mexico’s Grupo Lala has emerged as the lead bidder for Stonyfield Farm Inc., the well-known U.S. maker of organic yogurt.

Talks are at an advanced stage and deal could come before the end of the month, according to people familiar with the matter. The price the big Latin American dairy company might pay couldn’t be learned, but another bidder offered $850 million. Negotiations could break down, and Grupo Lala could still be outbid by…

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