Spun-Off U.S. Stocks Suffering Even With WhiteWave Deal: Chart

Why Danone Is Getting Into Soy Milk and Kale

WhiteWave Foods Co.’s emergence as a takeover target three years ago after being spun off from Dean Foods Co. may do little to help the company’s peers rebound from a stock-market slump. The Guggenheim S&P Spin-Off exchange-traded fund, which owns stakes in WhiteWave and about 60 other U.S.-listed companies, dropped 19 percent through Wednesday from a record set in April 2015. The SPDR S&P 500 ETF lost just 0.2 percent during the same period. WhiteWave surged as much as 20 percent Thursday after Danone agreed to buy the maker of Silk soy milk for about $10 billion.

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