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Dean Foods (DF) WhiteWave Unit Files for IPO

August 7, 2012 4:16 PM EDT Send to a Friend
Dean Foods Company (NYSE: DF) today announced that its wholly-owned subsidiary, The WhiteWave Foods Company, filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering ("IPO") of its Class A common stock. Following the IPO, The WhiteWave Foods Company will own Dean Foods' WhiteWave-Alpro business, which manufactures, markets, distributes and sells branded plant-based foods and beverages, coffee creamers and beverages and premium dairy products throughout North America and Europe.

Following the IPO, Dean Foods will own at least 80% of The WhiteWave Foods Company's common stock. Dean Foods intends to distribute its remaining interest in The WhiteWave Foods Company to Dean Foods' shareholders in a tax-free distribution no earlier than 180 days following the closing of the IPO.

J.P. MorganSecurities LLC, Credit Suisse Securities (USA) LLC and BofA Merrill Lynch will act as joint book-running managers for the offering.




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