NEW YORK, Aug. 26, 2016 /PRNewswire/ -- Notice is hereby
given that Faruqi & Faruqi, LLP has filed a class action
lawsuit in the United States District Court for the District of
Colorado, case no. 1:16-cv-02010,
on behalf of shareholders of WhiteWave Foods Company ("WhiteWave"
or the "Company") (NYSE:WWAV) who held WhiteWave securities on the
record date, July 29, 2016, and have
been harmed by WhiteWave's and its board of directors' (the
"Board") alleged violations of Sections 14(a) and 20(a) of the
Securities Exchange Act of 1934 (the "Exchange Act") in connection
with the proposed sale (the "Proposed Transaction") of the
Company to French company Danone S.A. ("Danone").
On July 6, 2016, WhiteWave and
Danone jointly announced that they had reached a definitive
Agreement and Plan of Merger ("Merger Agreement") whereby WhiteWave
will merge with and into Merger Sub (the "Merger"), with
WhiteWave surviving as a wholly-owned subsidiary of Danone.
The shareholder vote on the Proposed Transaction is expected to
occur on October 4, 2016.
If you wish to obtain information concerning this action or
view a copy of the complaint, you can do so by clicking here:
www.faruqilaw.com/WWAVnotice.
Pursuant to the terms of the Merger, which was unanimously
approved by the Board, each issued and outstanding share of
WhiteWave common stock will be cancelled and automatically
converted into the right to receive $56.25 in cash. The complaint claims that
this offer is inadequate in light of the Company's financial
performance and strong growth prospects in recent quarters.
The complaint alleges that the Schedule 14A Proxy Statement (the
"Proxy") filed with the Securities and Exchange Commission ("SEC")
on July 29, 2016 provides materially
incomplete and misleading information about the Company and the
Proposed Transaction, in violation of Sections 14(a) and 20(a) of
the Exchange Act. The Proxy fails to provide WhiteWave's
shareholders with material information concerning the financial and
procedural fairness of the Proposed Transaction.
Take Action
Plaintiff is represented by Faruqi & Faruqi, LLP, a law firm
with extensive experience in prosecuting class actions, and
significant expertise in actions involving corporate fraud.
Faruqi & Faruqi, LLP, was founded in 1995 and the firm
maintains its principal office in New
York City, with offices in Delaware, California, and Pennsylvania.
If you wish to serve as lead plaintiff, you must move the Court
no later than 60 days from today. Any member of the putative
class may move the Court to serve as lead plaintiff through counsel
of their choice, or may choose to do nothing and remain an absent
class member. If you wish to discuss this action, or have any
questions concerning this notice or your rights or interests,
please contact:
Nadeem Faruqi, Esq.
James M. Wilson, Jr., Esq.
FARUQI & FARUQI, LLP
685 3rd Avenue, 26th Floor
New York, NY 10017
Telephone: (877) 247-4292 or (212) 983-9330
E-mail: nfaruqi@faruqilaw.com
jwilson@faruqilaw.com
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SOURCE Faruqi & Faruqi, LLP
