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if you are a current long-term stockholder of shares of WhiteWave Foods Co (NYSE:WWAV), you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
September 17, 2013 (Shareholders Foundation) - An investigation on behalf of current long-term stockholders of shares of WhiteWave Foods Co (NYSE:WWAV) was announced concerning whether certain WhiteWave Foods officers and directors possibly breached their fiduciary duties in connection with certain statements.
The investigation by a law firm concerns whether certain WhiteWave Foods officers and directors breached their fiduciary duties in connection with their conduct in seeking shareholders approval for the conversion of Class B common stock to Class A common stock.
In the Proxy Statement filed by WhiteWave Foods Co with the Securities and Exchange Commission the Board of Directors recommends that WhiteWaves shareholders vote to approve a proposal to convert all issued and outstanding shares of Class B common stock into shares of Class A common stock.
According to the investigation the issuance of the additional shares could have a severe dilutive effect on the shares of WhiteWave Foods Co.
WhiteWave Foods Co (NYSE:WWAV) reported that its annual Total Revenue rose from over $1.53 billion in 2009 to over $2.28 billion in 2012 and that its Net Income increased from $52.17 million to $113.69 million in 2012.
On Sept. 17, 2013, shares of WhiteWave Foods Co (NYSE:WWAV) closed at $19.88 per share.
