Shares of WhiteWave Foods, an organic-food maker, soared nearly 19 percent Thursday, above the takeover amount offered by Danone, amid speculation that more bids may be coming.
"There may be competing bids in the coming weeks," D.A. Davidson analyst Eric Gottlieb said in a Thursday note to clients, adding that companies such as Coca-Cola, PepsiCo, General Mills, Campbell Soup and Kellogg "have all been rumored to have been interested in purchasing WhiteWave."
Danone, a France-based multinational, offered to pay $56.25 a share in cash for WhiteWave, or approximately $12.5 billion. On Thursday, WhiteWave's stock traded near $56.23.