By Ryan Leo, Ava Singer, Alexander Svanidze, and Julianna Zelnhefer (Boston University); Utku Kaya, Omar Kanaa, Nayoung Kim, Harvey Han and Tomiwa Oshai (King’s College London) Photo: Alex Lvrs (Unsplash) Overview of the deal Acquirer: Danone S.A. (EPA: DANO) Target: Huel Ltd. Implied Equity Value: ~€1.0 billion (~£860–870 million / ~$1.15 billion) Total Transaction Size: ~€1.0 billion (~£860–870 million / ~$1.15 billion) Closed Date: Pending, subject to customary closing con