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8-K - LIVE FILING - WHITEWAVE FOODS Co | htm_54755.htm |
WHITEWAVE ANNOUNCES MAJOR MILESTONE
TOWARDS COMPLETION OF MERGER WITH DANONE
Agreement in principle reached with United States Department of Justice
Merger expected to be completed soon
DENVER, Colo. March 31, 2017 The WhiteWave Foods Company (NYSE: WWAV) (WhiteWave) and Danone S.A. (Danone) have achieved a major milestone towards the completion of the planned merger of the two companies with the reaching of an agreement in principle with the Antitrust Division of the United States Department of Department of Justice (DOJ).
WhiteWave expects the closing of Danones previously announced acquisition of WhiteWave for $56.25 per share in an all-cash merger transaction to occur shortly, although there can be no assurance regarding timing of completion of regulatory processes.
Information regarding the agreement in principle with the DOJ is contained in a separate release issued by Danone today, March 31, 2017.
ABOUT THE WHITEWAVE FOODS COMPANY
The WhiteWave Foods Company is a leading consumer packaged food and beverage company that
manufactures, markets and sells branded plant-based foods and beverages, coffee creamers and
beverages, premium dairy products and organic produce. It sells products primarily in North
America, Europe and through a joint venture in China. WhiteWave is focused on providing consumers
with innovative, great-tasting food and beverage choices that meet their increasing desires for
nutritious, flavorful, convenient, and responsibly-produced products. The Companys
widely-recognized, leading brands distributed in North America include Silk®, So Delicious® and
Vega® plant-based foods and beverages, International Delight® and LAND O LAKES®* coffee creamers
and beverages, Horizon Organic® and Wallaby Organic® premium dairy products and Earthbound Farm®
organic salads, fruits and vegetables. Its popular plant-based foods and beverages brands in Europe
include Alpro® and Provamel®. To learn more about WhiteWave, visit www.whitewave.com.
*The LAND O LAKES brand is owned by Land OLakes, Inc. and is used by license.
FORWARD-LOOKING STATEMENTS
Some of the statements in this press release are forward-looking and are made pursuant to the
safe harbor provision of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include statements relating to, among other things, the expected
timeline for the completion of our merger with Danone S.A and other statements that begin with
words such as believe, expect, estimates, intend, forecasts, projects or anticipate.
These statements involve risks and uncertainties that may cause results to differ materially from
the statements set forth in this press release. Completion of our contemplated merger with Danone
S.A. is subject to the satisfaction of certain closing conditions, including receipt of required
regulatory approvals, and we cannot be certain that we will be able to satisfy or obtain a waiver
of the conditions. Any forward-looking statements in this press release speak only as of the date
of this release. The company expressly disclaims any obligation or undertaking to release publicly
any updates or revisions to such statements to reflect any change in its expectations with regard
thereto or any changes in the events, conditions or circumstances on which any such statement is
based.
CONTACTS
Investor Relations:
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Media: | |
Dave Oldani +1 (303) 635-4747 |
Molly Keveney +1 (303) 635-4529 |