The company has also determined the approximate distribution ratios, record date and distribution date for the spin-off.
“Following WhiteWave’s successful initial public offering last year, our board’s action puts the spin-off of WhiteWave in motion,” said Gregg Tanner, CEO and director of Dean Foods. “The separation of WhiteWave from Dean Foods continues to unlock significant shareholder value and puts both companies on a path for future success in their respective businesses.”
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