WhiteWave 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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