NEW YORK, July 12, 2016 /PRNewswire/ -- Nadeem Faruqi, founding partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of The WhiteWave Foods Company ("WhiteWave" or the "Company") (NYSE:WWAV) for potential breaches of fiduciary duties in connection with the sale of the Company to Danone SA for approximately $12.5 billion in an all-cash transaction.
The Company's stockholders will only receive $56.25 for each share of Company common stock they own. However, this consideration is below at least one analyst's price target of $58.00 per share and represents virtually no premium over WhiteWave's 52-week high.
The investigation focuses on whether WhiteWave's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of WhiteWave's shareholders.
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Faruqi & Faruqi, LLP is working together in this investigation with Juan E. Monteverde from Monteverde & Associates PC.
If you own common stock in WhiteWave and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/WWAVor contact Nadeem Faruqi, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330. You may also contact Juan E. Monteverde, Esq. either via email at [email protected] or by telephone at (212) 971-1341.
Contact: Faruqi & Faruqi, LLP 685 Third Avenue, 26th Floor New York, NY 10017 Attn: Nadeem Faruqi, Esq. [email protected] Toll Free: (877) 247-4292 Phone: (212) 983-9330
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