Tag Archives: DF

Pro Golfer Phil Mickelson Made $931,000 Trading Dean Foods- And The SEC Wants It Back

Earlier today, we reported that former Dean Foods(DF) chair Tom Davis and Las Vegas gambler Billy Walters were being charged with insider trading related to Dean Foods’ 2012 announcement that it would be spinning off WhiteWave(WWAV). We also noted that professional golfer Phil Mickelson was said to have been given the tip. Bloomberg now reports that Mickelson is… Read More »

Former Dean Foods Chair Davis Charged With Spinoff-Linked Insider Trading

CNBC reports this morning that former Dean Foods(DF) chair Thomas Davis will be charged with insider trading, along with well-known Las Vegas gambler William “Billy” Walters.  Davis had resigned last year as rumors swirled of the investigation into insider trading based on nonpublic information regarding Dean’s Whitewave(WWAV) spinoff.  Walters is believed to have passed the tip along to professional… Read More »

Dean Foods Sets Distribution Ratio For WhiteWave Spinoff, Will Exit S&P 500

In October, when Dean Foods(DF) sold a stake in WhiteWave(WWAV) in an IPO, the company disclosed that it planned to spin off its remaining stake. Six months later, the company has set Thursday, May 23 as the distribution date for most of that stake.  For each share of Dean Foods they own, shareholders will receive 0.25544448 shares of… Read More »

Dean Foods Confirms Plans To Spinoff WhiteWave This Year

Some more spinoff news from the current earnings season. Dean Foods (DF) reported disappointing Q4 numbers, but buried within the press release were plans for its ~86% stake in the WhiteWave Foods Company (WWAV). Dean plans on spinning off a chunk of those shares to shareholders in a tax free transaction after its lockup period expires, likely at… Read More »

WhiteWave IPO Faltering After Hot Start

The excitement over Dean Foods’ (DF) spinoff of its organic segment WhiteWave Foods Company (WWAV) was easy to see. Dean’s stock price quickly shot up on the announcement and the stock was able to hold onto those outsized gains. Another sign was that investor demand for the IPO was so strong that underwriters exercised the over-allotment clause adding… Read More »

Dean Foods Up 40% As Market Really, Really Likes Spinoff Plan

In the largest one day gain on a spinoff announcement we can recall, Dean Foods(DF) jumped over 40% yesterday after announcing it would be spinning off its WhiteWave-Aplro business. The Wall Street Journal reports that this is due to excitement about the company’s smaller organic business “which accounts for less than a fifth of group sales, but 40%… Read More »

No Use Crying Over Spun Milk: Catch The WhiteWave! Dean Foods To Spin Off Branded Beverages Division

After the close this afternoon, together with reporting its earnings, Dean Foods(DF) announced it would conduct an IPO for part of its WhiteWave-Alpro division, and subsequently distribute the rest to its shareholders. We have not yet read through the S-1 filing, which can be found here. From the earnings release, we learn: Separately, Dean Foods announced today that… Read More »