WhiteWave Foods Company – WWAV – Announces Pricing of Initial Public Offering
NYSE:WWAV), a consumer packaged food and beverage company with leading brands in plant-based foods and beverages, coffee creamers and beverages and premium dairy products, announced the pricing of its initial public offering of 23,000,000 shares of its Class A common stock at a price of $17.00 per share. The underwriters have an option to purchase up to an additional 3,450,000 shares of Class A common stock to cover over-allotments, if any. The Class A common stock is expected to begin trading on the New York Stock Exchange under the symbol “WWAV” on October 26, 2012.
Following the offering, Dean Foods Company (NYSE: DF) will continue to own approximately 86.7% of the economic interest in WhiteWave’s capital stock and approximately 98.5% of the voting power, or approximately 85.0% and 98.3%, respectively, if the underwriters exercise their option to purchase additional shares in full.
J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC and BofA Merrill Lynch are acting as joint book-running managers for the offering.
A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission.
About Dean Foods Company – DF
Dean Foods Company (DF) is a food and beverage company. DF operates through two segments: Fresh Dairy Direct-Morningstar and WhiteWave-Alpro. Fresh Dairy Direct-Morningstar is a processor and distributor of milk and other dairy products in the United States, with products sold under more than 50 local and regional brands and a range of private labels. WhiteWave-Alpro markets and sells a variety of dairy and dairy-related products, such as Horizon Organic milk and other dairy products, The Organic Cow organic dairy products, as well as other plant-based beverages and soy food products, International Delight coffee creamers and LAND O LAKES creamers and fluid dairy products, and Silk plant-based beverages, such as soy, almond and coconut milks, and cultured soy products. WhiteWave-Alpro also offers soy-based beverages and food products in Europe and markets its products under the Alpro and Provamel brands. On February 1, 2011, it completed the sale of its Mountain High yogurt operations.
More Posts by this author
- Merck & Co Q3 Earnings Beat Estimates (MRK)
- Gold Prices End Marginally Lower
- Stocks End on a Mixed Note; Finish Lower for the Week
- Gold Prices Settle Marginally Lower; Silver Prices also Slip
- Stocks Headed for a Higher Finish
- Stocks in Red in Mid-Day Trading
- XPO Logistics – XPO – Acquires OHL’s Turbo Logistics
 |
Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
|
