The deal creates an organic food powerhouse with strong reach in both Europe and the United States.
News & Analysis: Groupe Danone (ADR)
In recent years, this traditionally European food has quickly become one of America's fastest-growing food products.
The java giant looks for growth in new product categories.
Starbucks has worked out an agreement with Danone, and the companies are going to have a jointly branded yogurt coming to a store near you.
The country charges that foreign producers colluded to raise prices after tainted milk scandals rocked domestic industry.