WhiteWave Announces Court Order Allowing for Completion of Merger With Danone
06 Abril 2017 - 2:32AM
The U.S. District Court for the District of Columbia (the “Court”)
has signed an order allowing The WhiteWave Foods Company
(NYSE:WWAV) (“WhiteWave”) and Danone S.A. (“Danone”) to complete
the planned merger of the two companies. WhiteWave expects the
closing of Danone’s acquisition of WhiteWave to occur within five
business days from the date of the Court’s order on April 5, 2017.
Each share of WhiteWave common stock issued and
outstanding immediately prior to the effective time of the merger
will automatically be canceled and converted into the right to
receive $56.25 in cash, without interest, less any applicable
withholding taxes.
In accordance with the Agreement and Plan of Merger
dated July 6, 2016 (the “Merger Agreement”), WhiteWave and Danone
will extend the Long Stop Date under the Merger Agreement to allow
for the completion of the merger.
ABOUT THE WHITEWAVE FOODS
COMPANYThe WhiteWave Foods Company is a leading consumer
packaged food and beverage company that manufactures, markets and
sells branded plant-based foods and beverages, coffee creamers and
beverages, premium dairy products and organic produce. It sells
products primarily in North America, Europe and through a joint
venture in China. WhiteWave is focused on providing consumers with
innovative, great-tasting food and beverage choices that meet their
increasing desires for nutritious, flavorful, convenient, and
responsibly-produced products. The Company's widely-recognized,
leading brands distributed in North America include Silk®, So
Delicious® and Vega® plant-based foods and beverages, International
Delight® and LAND O LAKES®* coffee creamers and beverages, Horizon
Organic® and Wallaby Organic® premium dairy products and Earthbound
Farm® organic salads, fruits and vegetables. Its popular
plant-based foods and beverages brands in Europe include Alpro® and
Provamel®. To learn more about WhiteWave, visit
www.whitewave.com.
*The LAND O LAKES brand is owned by Land O’Lakes,
Inc. and is used by license.
FORWARD-LOOKING STATEMENTSSome of
the statements in this press release are “forward-looking” and are
made pursuant to the safe harbor provision of the Private
Securities Litigation Reform Act of 1995. These “forward-looking”
statements include statements relating to, among other things, the
expected timeline for the completion of our merger with Danone S.A.
and other statements that begin with words such as “believe,”
“expect,” “estimates,” “intend,” “forecasts,” “projects” or
“anticipate.” These statements involve risks and uncertainties that
may cause results to differ materially from the statements set
forth in this press release. Completion of our contemplated merger
with Danone S.A. is subject to the satisfaction of certain closing
conditions, and we cannot be certain that we will be able to
satisfy or obtain a waiver of the conditions. Any forward-looking
statements in this press release speak only as of the date of this
release. The company expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to such
statements to reflect any change in its expectations with regard
thereto or any changes in the events, conditions or circumstances
on which any such statement is based.
CONTACTS
Investor Relations:
Dave Oldani
+1 (303) 635-4747
Media:
Molly Keveney
+1 (303) 635-4529
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