Shares of WhiteWave Foods Co (NYSE:WWAV) ended Friday session in red amid volatile trading. The shares closed down -0.07 points or -0.13% at $55.38 with 4.92 million shares getting traded. Post opening the session at $55.42, the shares hit an intraday low of $55.31 and an intraday high of $55.43 and the price vacillated in this range throughout the day. The company has a market cap of $9.81 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 ConAgra Foods Inc (NYSE:CAG) ended Friday session in red amid volatile trading. The shares closed down -0.41 points or -0.94% at $43.25 with 4.90 million shares getting traded. Post opening the session at $43.58, the shares hit an intraday low of $43.07 and an intraday high of $43.59 and the price vacillated in this range throughout the day. The company has a market cap of $18.80billion and the numbers of outstanding shares have been calculated to be 439.35 million shares.
ConAgra Foods Inc (CAG) on September 9, 2016 announced that it has been named to the Dow Jones Sustainability Index for the sixth consecutive year.
Recognized worldwide, Dow Jones Sustainability Indices measure the performance of the world’s sustainability leaders. Companies are selected for the indices based on a comprehensive assessment of long-term economic, environmental and social criteria. These account for general and industry-specific sustainability issues, such as corporate governance, health and nutrition, climate strategy, citizenship and philanthropy, and occupational health and safety.
“It’s an incredible honor to be named to the Dow Jones Sustainability North America Index for the sixth consecutive year,” said Sean Connolly, president and chief executive officer of ConAgra Foods. “As we continue our journey to becoming a more focused and higher performing company, our corporate citizenship objectives have remained a top priority. Inclusion on this index not only reflects our long term commitment to corporate citizenship, it also provides a valuable measure of the progress we are making.”