In October, when Dean Foods(DF) sold a stake in WhiteWave(WWAV) in an IPO, the company disclosed that it planned to spin off its remaining stake. Six months later, the company has set Thursday, May 23 as the distribution date for most of that stake. For each share of Dean Foods they own, shareholders will receive 0.25544448 shares of… Read More »
Some more spinoff news from the current earnings season. Dean Foods (DF) reported disappointing Q4 numbers, but buried within the press release were plans for its ~86% stake in the WhiteWave Foods Company (WWAV). Dean plans on spinning off a chunk of those shares to shareholders in a tax free transaction after its lockup period expires, likely at… Read More »
The excitement over Dean Foods’ (DF) spinoff of its organic segment WhiteWave Foods Company (WWAV) was easy to see. Dean’s stock price quickly shot up on the announcement and the stock was able to hold onto those outsized gains. Another sign was that investor demand for the IPO was so strong that underwriters exercised the over-allotment clause adding… Read More »