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DEAN FOODS SPINS OFF ITS ORGANIC, OTHER MILK PRODUCTS
Oct. 30, 2012
BrownfieldAgNews reports:
White Wave Food Company made its public debut on Friday.
Dean Foods spun-off the consumer products company which includes Horizon Organic, International Delight and Silk soymilk brand names.
23 million shares were offered at $17 each generating $391 million in gross proceeds. Dean Foods retained another 150 million shares putting the value of the company at $2.9 billion.
On the other side of the equation, Dean Foods stock fell $2.10 to $16.69 on Friday. Bloomberg reports over the past 52 weeks, Dean stock has ranged from $9.16 to $19.17.
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