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Stock Market & Financial Investment News

News Breaks
January 3, 2013
11:18 EDTDF, WWAVDean Foods sees about $887M in proceeds from sale of Morningstar division
Dean Foods Company (DF) announced the completion of the previously announced sale of its Morningstar Foods division to Saputo for US$1.45B. As a result of this transaction, Dean Foods expects to realize approximately US$887M in proceeds, net of taxes and expenses. The company plans to use all net proceeds toward fully retiring its remaining senior secured term debt, significantly lowering its leverage and increasing its financial flexibility. Dean Foods also completed the previously announced transaction with The WhiteWave Foods Company (WWAV), a controlled subsidiary of the company, whereby WhiteWave received $60M net of taxes as consideration for the termination of an option to purchase plant capacity and property at a Morningstar facility and the sale to Morningstar of certain manufacturing equipment located at another Morningstar plant.
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July 22, 2014
14:23 EDTWWAVMead Johnson jumps after WSJ says Danone started strategic review
Shares of Mead Johnson (MJN) are moving higher after the Wall Street Journal reported that Danone (DANOY) has launched a strategic review. The French company has asked its top managers to explore expansion opportunities, The Journal stated, citing a person familiar with the matter. Shares of Mead Johnson, which reported its Q2 earnings earlier today, spiked 5%, or $4.91, to $97.18 following the report. WhiteWave Foods (WWAV) also moved higher following the report.

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