Cases
The WhiteWave Foods Company (NYSE : WWAV)
Merger
Overview
Overview
- Date:
- 8/29/2016
- Company Name:
- WhiteWave Foods Company
- Stock Symbol:
- WWAV
- Company Name - Buyer:
- Danone
- Class Period:
- FROM 7/29/2016
- Status:
- Closed/Complete
- Merger Announcement Date:
- 7/6/2016
- Court:
- U.S. District Court: Colorado
NEW YORK, August 29, 2016 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Colorado District Court on behalf of all persons or entities who held WhiteWave Foods Company (NYSE: WWAV) securities on July 29, 2016 (the “Class Period”).
On July 6, 2016, WhiteWave and Danone jointly announced that they had reached a definitive Agreement and Plan of Merger ("Merger Agreement") whereby WhiteWave will merge with and into Merger Sub (the "Merger"), with WhiteWave surviving as a wholly-owned subsidiary of Danone. The shareholder vote on the Proposed Transaction is expected to occur on October 4, 2016.
Pursuant to the terms of the Merger, which was unanimously approved by the Board, each issued and outstanding share of WhiteWave common stock will be cancelled and automatically converted into the right to receive $56.25 in cash. The complaint claims that this offer is inadequate in light of the Company's financial performance and strong growth prospects in recent quarters.
The complaint alleges that the Schedule 14A Proxy Statement (the "Proxy") filed with the Securities and Exchange Commission ("SEC") on July 29, 2016 provides materially incomplete and misleading information about the Company and the Proposed Transaction, in violation of Sections 14(a) and 20(a) of the Exchange Act. The Proxy fails to provide WhiteWave's shareholders with material information concerning the financial and procedural fairness of the Proposed Transaction.
If you held WhiteWave Foods Company securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On July 6, 2016, WhiteWave and Danone jointly announced that they had reached a definitive Agreement and Plan of Merger ("Merger Agreement") whereby WhiteWave will merge with and into Merger Sub (the "Merger"), with WhiteWave surviving as a wholly-owned subsidiary of Danone. The shareholder vote on the Proposed Transaction is expected to occur on October 4, 2016.
Pursuant to the terms of the Merger, which was unanimously approved by the Board, each issued and outstanding share of WhiteWave common stock will be cancelled and automatically converted into the right to receive $56.25 in cash. The complaint claims that this offer is inadequate in light of the Company's financial performance and strong growth prospects in recent quarters.
The complaint alleges that the Schedule 14A Proxy Statement (the "Proxy") filed with the Securities and Exchange Commission ("SEC") on July 29, 2016 provides materially incomplete and misleading information about the Company and the Proposed Transaction, in violation of Sections 14(a) and 20(a) of the Exchange Act. The Proxy fails to provide WhiteWave's shareholders with material information concerning the financial and procedural fairness of the Proposed Transaction.
If you held WhiteWave Foods Company securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.