Dean Foods Jumps After Plan for WhiteWave Unit IPO: Dallas Mover
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Dean Foods Co. jumped the most since it began trading 16 years ago after its WhiteWave unit, the maker of Silk almond milk, filed to raise $300 million in a U.S. initial public offering.
Dean rose 41 percent to $17.46 in New York. WhiteWave applied to list on the New York Stock Exchange under the symbol WWAV, in said in a regulatory filing yesterday after the market closed. WhiteWave didn’t say how many shares it’s offering or at what price. The $300 million amount is a placeholder used to calculate registration fees and may change.