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Stock Market & Financial Investment News

News Breaks
January 3, 2013
11:18 EDTWWAV, DFDean 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.
News For DF;WWAV From The Last 14 Days
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September 4, 2015
10:00 EDTWWAVOn The Fly: Analyst Initiation Summary
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07:58 EDTWWAVWhiteWave initiated with an Outperform at William Blair
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August 26, 2015
10:00 EDTWWAVOn The Fly: Analyst Upgrade Summary
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08:10 EDTWWAV, WWAVWhiteWave upgraded to Buy from Outperform at CLSA
CLSA upgraded WhiteWave to Buy citing the recent selloff in shares and maintained its $55 price target. Analyst Diane Geissler said the China joint venture is not meaningful until 2017, at the earliest, fundamentals are intact, and analysis confirms WhiteWave's strong growth and competitive positioning.

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