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Stock Market & Financial Investment News

News Breaks
December 9, 2013
06:34 EDTWWAVWhiteWave Foods agrees to acquire Earthbound Farm for $600M
WhiteWave Foods announced that it has agreed to acquire Earthbound Farm from its existing shareholders led by Kainos Capital and founders Drew & Myra Goodman, for approximately $600M in cash. Including the impact of purchase accounting, WhiteWave expects that this acquisition will add approximately 7c per share to its adjusted net earnings in the first fiscal year, before transaction costs. This estimate is subject to the final closing balance sheet valuation. WhiteWave plans to fund the acquisition with borrowings under its existing credit facilities. In order to provide continued capacity for future growth, the company also intends to increase its credit facilities by $500M, subject to lenders commitments. The company anticipates completing the increase to its credit facilities in December.
News For WWAV From The Last 14 Days
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April 23, 2014
11:38 EDTWWAVWhiteWave Foods rises after analyst sees significant growth promise
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10:01 EDTWWAVOn The Fly: Analyst Initiation Summary
ANSYS (ANSS) initiated with an Outperform at William Blair... AuRico Gold (AUQ) reinstated with an Outperform at Credit Suisse... Ball Corp. (BLL) initiated with a Neutral at JPMorgan... Central Valley Community Bancorp (CVCY) initiated with an Outperform at Fig Partners... Crown Holdings (CCK) initiated with an Overweight at JPMorgan... EQT Midstream Partners (EQM) initiated with a Strong Buy at ISI Group... First Cash Financial (FCFS) initiated with an Overweight at HSBC... Galmed (GLMD) initiated with a Buy at Maxim... Harman (HAR) initiated with an Outperform at RBC Capital... Interval Leisure (IILG) initiated with an Outperform at Imperial Capital... Kroger (KR) initiated with a Market Perform at Wells Fargo... Manulife Financial (MFC) initiated with a Buy at UBS... ONEOK Partners (OKS) initiated with a Neutral at ISI Group... Occidental Petroleum (OXY) initiated with a Neutral at Global Hunter... Owens-Illinois (OI) initiated with a Neutral at JPMorgan... Sprouts Farmers Markets (SFM) initiated with an Outperform at Wells Fargo... Sun Life Financial (SLF) initiated with a Buy at UBS... Sysorex Global (SYRX) initiated with a Buy at Dougherty... TPG Specialty Lending (TSLX) initiated with a Neutral at Citigroup... UGI Corporation (UGI) initiated with an Equalweight at Barclays... WhiteWave Foods (WWAV) initiated with a Buy at Deutsche Bank... Williams Partners (WPZ) initiated with a Buy at ISI Group.
06:00 EDTWWAVWhiteWave Foods initiated with a Buy at Deutsche Bank
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April 16, 2014
08:20 EDTWWAVWhiteWave Foods pullback presents attractive entry point, says Morgan Stanley
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