APRIL 12, 2017
THE WHITEWAVE FOODS COMPANY – CASH SETTLEMENT/ACCELERATION OF MATURITIES FUTURES SYMBOLS: WWAV1D/WWAV2W/WWAV2H/WWAV3M/ WWAV3T/WWAV3W DATE: 4/12/17
On October 4, 2016, Shareholders of The WhiteWave Foods Company (WWAV) voted concerning the proposed merger with July Merger Sub Inc., a wholly-owned subsidiary of Danone S.A.. The merger was approved and subsequently consummated before the open on April 12, 2017. As a result, each existing WWAV Common Share will be converted into the right to receive $56.25 net cash per share. CONTRACT ADJUSTMENT DATE:
April 12, 2017
100 (e.g. 1.00 equals $100)
NEW DELIVERABLE PER CONTRACT:
$5,625.00 Cash ($56.25 x 100)
Settlement in WWAV1D/WWAV2W/WWAV2H/WWAV3M/WWAV3T/WWAV3W futures will take place through OCC’s cash settlement system. Pursuant to Rule 1304 of OCC’s Rules and Bylaws, the maturity date for all WWAV1D/WWAV2W/ WWAV2H/WWAV3M/WWAV3T/WWAV3W Futures will be accelerated on April 12, 2017.
DISCLAIMER This Information Memo provides an unofficial summary of the terms of corporate events affecting listed options or futures prepared for the convenience of market participants. OCC accepts no responsibility for the accuracy or completeness of the summary, particularly for information which may be relevant to investment decisions. Option or futures investors should independently ascertain and evaluate all information concerning this corporate event(s). The determination to adjust options and the nature of any adjustment is made by a panel of The OCC Securities Committee pursuant to OCC By-Laws, Article VI, Sections 11 and 11A. The adjustment panel is comprised of representatives from OCC and each exchange which trades the affected option. The determination to adjust futures and the nature of any adjustment is made by OCC pursuant to OCC ByLaws, Article XII, Sections 3, 4, or 4A, as applicable. For both options and futures, each adjustment decision is made on a case by case basis. Adjustment decisions are based on information available at the time and are subject to change as additional information becomes available or if there are material changes to the terms of the corporate event(s) occasioning the adjustment.
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Clearing Members may contact Member Services at 1-800-544-6091 or, within Canada, at 1-800-424-7320, or email [email protected]