The WhiteWave Foods Company (“WhiteWave”) (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, today 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.The offering is being made only by means of a prospectus, copies of which may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at +1 (866) 803-9204; Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, via telephone: +1 (800) 221-1037, or by e-mail: email@example.com; or BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, NY 10038, or by email: firstname.lastname@example.org. The final prospectus, when it is available, also may be obtained on the Securities and Exchange Commission's Web site at http://www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV