reports
- Please Change Name Linda Montag
Moody's upgrades WhiteWave notes to Baa1, withdraws all other ratings
Rating Action: Moody's upgrades WhiteWave notes to Baa1, withdraws all other ratings. Global Credit Research- 21 Apr 2017. New York, April 21, 2017-- Moody's Investors Service, today upgraded the ratings of WhiteWave Foods Co.' s guaranteed senior unsecured notes to Baa1 from B1 and withdrew all other ratings of the company.
- Please Change Name John C Forrey
- Zain Akbari
- CFA
European Approval of Takeover Leads Us to Trim WhiteWave’s Uncertain...
While our $55 per share valuation for no-moat WhiteWave is unchanged, we are reducing our uncertainty rating for the company (to medium from high) in light of the successful resolution of European regulatory concerns about Danone’s purchase of the firm. Although the U.S. antitrust review process is ongoing, we believe the European approval should help pave the way for the transaction to close as scheduled, by the end of the first quarter. Furthermore, as there has been no indication of an alte...
Ford Equity US Rating and Forecast Report
Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.
- Zain Akbari
- CFA
Languid Acquisition Process Continues for No-Moat WhiteWave; Valuation...
We do not intend to change our $55 per share fair value estimate for no-moat WhiteWave after the company announced third-quarter earnings. The firm now expects its pending acquisition by Danone for $56.25 per share to close in the first quarter of 2017 after a slower-than-expected regulatory review. Despite the delay, we continue to expect the deal to close successfully, with a time value of money-related adjustment offsetting the impact of the belated close on our valuation. The purchase has al...
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