July 14, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of WhiteWave Foods Co (NYSE:WWAV), was announced concerning whether the takeover of WhiteWave Foods Co. by Danone for $56.25 per share is unfair to NYSE:WWAV stockholders.

The investigation by a law firm concerns whether certain officers and directors of WhiteWave Foods Co breached their fiduciary duties owed to NYSE:WWAV investors in connection with the proposed acquisition.

On July 7, 2016, Danone and The WhiteWave Foods Company announced that they have entered into a merger agreement under which Danone will acquire WhiteWave for $56.25 per share in an all-cash transaction, representing a total enterprise value of approximately $12.5 bn, including debt and certain other WhiteWave liabilities.

However, given that at least one analyst has set the high target price for NYSE:WWAV shares at $60.00 per share, the investigation concerns whether the offer is unfair to WhiteWave Foods Co (NYSE:WWAV stockholders. More specifically, the investigation concerns whether the WhiteWave Foods Co (NYSE:WWAV Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

WhiteWave Foods Co reported its annual Total Revenue rose from $2.54 billion in 2013 to over $3.86 billion in 2015 and that its Net Income increased from $99.04 million to $168.39 million.

On July 11, 2016, NYSE:WWAV shares closed at $56.13 per share.