Boston, MA 05/28/2013 (wallstreetpr) – Dean Foods Co. (NYSE:DF), involved in processing and distribution of food and beverages, had witnessed an increase in share prices by 4.34 percent to close at $10.10 for the end of last trading session. The shares had been trading in the range of $9.58 to $10.20 during the day. Dean Foods Co. (NYSE:DF) had been witnessing low levels of share prices and the 52 week low price of the company had been last readjusted to $9.58 per share.
Completion of Spin off of White Wave
The milk producer and distributor, Dean Foods Co. (NYSE:DF) had recently completed the spinoff of its organic foods division through distribution of class A and class B stock. The Whitewave Foods (NYSE:WWAV) was divided into 47.7 million shares of class A stock and 67.9 million shares of class B stock and distributed to the existing shareholders. The parent company, Dean Foods Co. (NYSE:DF) still holds 19.9 percent interest in the stakes of the organic foods division.
Such spin-off of shares in the subsidiary company would continue to increase the shareholder value for Dean Foods Co. (NYSE:DF) and its minority holding in WhiteWave Foods (NYSE:WWAV) would enable to strengthen the financial position. Dean Foods Co. (NYSE:DF) is a US based food and beverage company, which operates through two segments – the Fresh Diary Direct and the White Wave Foods Company.
Dean Foods Co. (NYSE:DF) presently holds 186.56 million shares outstanding and the institutional ownership is 89 percent of the holdings. The average trading volume for the company is 6.21 million shares per day.
