Dean Foods (DF) is crashing today after the spin-off of WhiteWave (WWAV). It is around $17. WhiteWave has been up and down today between $17 – $19. I have loaded up on shares of DF. I am not sure why Dean is down today. Here is the quick math.
Assuming WhiteWave at $17. Dean still has 150 million shares of WWAV.
$2.94 billion worth from WWAV IPO means rest of dean is valued at 300 millon?