An investigation on behalf of investors of WhiteWave Foods Co (NYSE:WWAV) in connection with the proposed takeover was announced and NYSE:WWAV stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/12/2016 -- The acquisition of Denver, CO based WhiteWave Foods Co is under investigation concerning potential misconduct. The investigation was announced for investors, who currently hold NYSE:WWAV shares over whether the takeover of WhiteWave Foods Co. by Danone for $56.25 per share is unfair to NYSE:WWAV stockholders.
Investors who purchased shares of WhiteWave Foods Co (NYSE:WWAV) and currently hold any of those NYSE:WWAV shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of WhiteWave Foods Co breached their fiduciary duties owed to NYSE:WWAV investors in connection with the proposed acquisition.
On July 7, 2016, Danone and The WhiteWave Foods Company announced that they have entered into a merger agreement under which Danone will acquire WhiteWave for $56.25 per share in an all-cash transaction, representing a total enterprise value of approximately $12.5 bn, including debt and certain other WhiteWave liabilities.
However, given that at least one analyst has set the high target price for NYSE:WWAV shares at $60.00 per share, the investigation concerns whether the offer is unfair to WhiteWave Foods Co (NYSE:WWAV stockholders. More specifically, the investigation concerns whether the WhiteWave Foods Co (NYSE:WWAV Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
WhiteWave Foods Co reported its annual Total Revenue rose from $2.54 billion in 2013 to over $3.86 billion in 2015 and that its Net Income increased from $99.04 million to $168.39 million.
On July 11, 2016, NYSE:WWAV shares closed at $56.13 per share.
Those who are current investors in WhiteWave Foods Co (NYSE:WWAV) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com