Dean Foods Company has revealed that its wholly owned subsidiary, The WhiteWave Foods Company, filed a registration statement with the US 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.
Source: Dean Foods
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