Shares of WhiteWave Foods Co (NYSE:WWAV) ended Friday session in green amid volatile trading. The shares closed up +0.07 points or 0.13% at $54.43 with 2,323,809 shares getting traded. Post opening the session at $54.35, the shares hit an intraday low of $54.30 and an intraday high of $54.57 and the price vacillated in this range throughout the day. The company has a market cap of $9.66 billion.
WhiteWave Foods Co (WWAV) announced that it has established a special meeting date of October 4, 2016, for its stockholders to, among other things, consider and vote on a proposal to approve the previously announced Agreement and Plan of Merger with Danone S.A. and July Merger Sub Inc., an indirect wholly owned subsidiary of Danone, under which Danone will acquire WhiteWave for $56.25 per share in an all-cash transaction. The Board of Directors of WhiteWave recommends that stockholders vote in favor of the merger with Danone.
WhiteWave stockholders as of the close of business on the record date of August 25, 2016, will be entitled to receive notice of, and to vote at, the special meeting.
WhiteWave continues to expect the transaction to close by the end of the year, subject to the approval of WhiteWave’s shareholders, regulatory approvals, and customary conditions.
Shares of Pitney Bowes Inc. (NYSE:PBI) ended Friday session in green amid volatile trading. The shares closed up +0.18 points or 1.00% at $18.16 with 1,186,757 shares getting traded. Post opening the session at $18.11, the shares hit an intraday low of $17.98 and an intraday high of $18.24 and the price vacillated in this range throughout the day. The company has a market cap of $3.40 billion and the numbers of outstanding shares have been calculated to be 185.59 million shares.
Pitney Bowes Inc. (PBI) on September 21, 2016 announced a new alliance with Lighthouse Computer Services, a leading Northeast Systems Integrator with an expanding Big Data and Analytics practice. The two companies will go to market with customized data solutions designed to help businesses attract and retain valuable customers, improve the efficiency of marketing campaigns, and combat the risks of fraud.
For the past 25 years, Lighthouse Computer Services has been servicing customers on their data management needs. Customers across a wide range of industries, including healthcare, retail, higher education, manufacturing and financial services are challenged with gleaning actionable insights from their data, especially as the amount of data multiplies exponentially each year. Lighthouse has an advanced analytics practice that specializes in the creation of solutions that allow customers to integrate existing data sets into intuitive and visually compelling dashboards and analytics to drive meaningful insights.
Similarly, for the past 30 years, Pitney Bowes has delivered powerful technologies for data management to help companies streamline their customer information management strategies. The company has a full suite of offerings designed to address common data management challenges such as: establishing a trusted single view of a customer across multiple touchpoints, powering accurate and precise location intelligence, and the validation of global address locations.
“We are excited to join forces with Pitney Bowes to implement innovative data management solutions for our clients,” said David Doucette, President of the Analytics Division of Lighthouse. “The sophisticated geocoding and reverse-geocoding technologies, in particular, will enable us to innovate entirely new use cases and solutions. We look forward to building influence with these new location-based capabilities.”