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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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September 23, 2014
10:15 EDTWWAVWhiteWave Foods price target raised to $44 from $37 at BofA/Merrill
BofA/Merrill raised Buy rated WhiteWave's price target to $44 and said it is one of the best growth stories in the group.
September 19, 2014
08:10 EDTWWAVWhiteWave Foods price target raised to $41 from $36 at Credit Suisse
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September 18, 2014
10:00 EDTWWAVOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abengoa Yield (ABY) initiated with a Neutral at Macquarie... Acacia Research (ACTG) initiated with an Outperform at Northland... Alibaba (BABA) initiated with a Buy at CRT Capital... Allianz (AZSEY) initiated with a Buy at UBS... Boulder Brands (BDBD) initiated with a Neutral at Piper Jaffray... Brookfield Renewable (BEP) initiated with an Outperform at Macquarie... Cogent (CCOI) initiated with an Overweight at JPMorgan... Discovery (DISCA) initiated with a Buy at Argus... FCB Financial (FCB) initiated with a Market Perform at Keefe Bruyette... Five Oaks (OAKS) initiated with a Buy at Ladenburg... Furmanite (FRM) initiated with a Buy at Sidoti... Fusion Telecommunications (FSNN) initiated with a Buy at H.C. Wainwright... Helen of Troy (HELE) initiated with an Overweight at Piper Jaffray... ICON plc (ICLR) initiated with a Buy at KeyBanc... InterOil (IOC) initiated with an Outperform at Credit Suisse... Jarden (JAH) initiated with an Overweight at Piper Jaffray... Level 3 (LVLT) initiated with an Overweight at JPMorgan... Lombard Medical (EVAR) initiated with a Buy at BTIG... NRG Yield (NYLD) initiated with an Outperform at Macquarie... Newell Rubbermaid (NWL) initiated with a Neutral at Piper Jaffray... NextEra Energy Partners (NEP) initiated with an Outperform at Macquarie... Novatel Wireless (NVTL) initiated with a Buy at H.C. Wainwright... Parker-Hannifin (PH) initiated with a Hold at Deutsche Bank... Pattern Energy (PEGI) initiated with a Neutral at Macquarie... Rentrak (RENT) initiated with a Buy at Wunderlich... Rhino Resources (RNO) initiated with a Buy at Ladenburg... Ryerson (RYI) initiated with a Buy at KeyBanc... SFX Entertainment (SFXE) initiated with a Buy at Maxim... SoftBank (SFTBY) initiated with a Buy at Jefferies... Sprouts Farmers Markets (SFM) initiated with a Neutral at Piper Jaffray... TerraForm Power (TERP) initiated with an Outperform at Macquarie... Vince Holding (VNCE) initiated with a Buy at B. Riley... WhiteWave Foods (WWAV) initiated with an Overweight at Piper Jaffray.
08:51 EDTWWAVWhiteWave Foods acquisition favorable, says Oppenheimer
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September 17, 2014
18:08 EDTWWAVWhiteWave Foods to acquire So Delicious Dairy Free for about $195M in cash
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16:22 EDTWWAVWhiteWave Foods initiated with an Overweight at Piper Jaffray
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16:10 EDTWWAVWhiteWave Foods sees 7c-8c EPS impact from notes offering
WhiteWave Foods announced today that it has completed an offering of $500M in aggregate principal amount of 5.375% senior notes due 2022, through underwriters led by J.P. Morgan Securities. Net proceeds from the issuance and sale of the notes were approximately $490.7M. The earnings per share impact is expected to be non-material for Q3 and to be approximately 7c-8c per share dilutive on a full year basis. WhiteWave intends to use the net proceeds from the offering to repay outstanding borrowings under its revolving credit facility, support growth initiatives, including acquisitions, and for other general corporate purposes.

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