Shares of Under Armour Inc (NYSE:UA) ended Monday session in red amid volatile trading. The shares closed down -0.85 points or -2.15% at $38.60 with 4.20 million shares getting traded. Post opening the session at $39.20, the shares hit an intraday low of $38.40 and an intraday high of $39.30 and the price vacillated in this range throughout the day. The company has a market cap of $15.53 billion and the numbers of outstanding shares have been calculated to be 183.39 million shares.
Under Armour Inc (UA) on Sept. 16, 2016 announced that Jason LaRose has been named President, North America. He will succeed Matthew Mirchin, who will transition to the role of Strategic Advisor, Global Revenue, effective October 1.
Mr. Mirchin has been with the Company since 2005, serving in a number of senior management positions in sales and marketing. Mr. LaRose joined Under Armour in 2013 to lead its Global E-Commerce business, eventually becoming Senior Vice President of Digital Revenue in 2015. Both executives have been key contributors to Under Armour’s global success and will continue to work together to deliver a best-in-class consumer experience and strong results across its sales channels. During this transition period, Mr. LaRose will continue to lead the E-Commerce business, while being actively involved in the search process to identify his successor.
“I would like to thank Matt for his strong leadership, vision and many contributions including leading the sales and marketing organizations at Under Armour over the last 11 years,” said Kevin Plank, Founder and CEO of Under Armour. “During his time at the company, Matt has become one of our chief architects in building the Under Armour brand and telling our story around the world. I would also like to congratulate Jason on his new role, where he and Matt will continue to accelerate our footprint in North America.”
“Since joining Under Armour, Jason has been a rising star, establishing our E-commerce business globally,” said Charlie Maurath, Chief Revenue Officer, Under Armour. “I am confident that he will continue to thrive as he transitions to lead our growth in the North American region with Matt by his side. I want to thank Matt for doing a tremendous job strengthening our relationships with key partners during his tenure at Under Armour.”
Shares of WhiteWave Foods Co (NYSE:WWAV) ended Monday session in green amid volatile trading. The shares closed up +0.18 points or 0.33% at $54.78 with 4.18 million shares getting traded. Post opening the session at $54.52, the shares hit an intraday low of $54.29 and an intraday high of $54.91 and the price vacillated in this range throughout the day. The company has a market cap of $9.62 billion and the numbers of outstanding shares have been calculated to be XXXX million shares.
WhiteWave Foods Co (WWAV) on Aug. 15, 2016 announced that it has established a special meeting date of October 4, 2016, for its stockholders to, among other things, consider and vote on a proposal to approve the previously announced Agreement and Plan of Merger with Danone S.A. and July Merger Sub Inc., an indirect wholly owned subsidiary of Danone, under which Danone will acquire WhiteWave for $56.25 per share in an all-cash transaction. The Board of Directors of WhiteWave recommends that stockholders vote in favor of the merger with Danone.
WhiteWave stockholders as of the close of business on the record date of August 25, 2016, will be entitled to receive notice of, and to vote at, the special meeting.
WhiteWave continues to expect the transaction to close by the end of the year, subject to the approval of WhiteWave’s shareholders, regulatory approvals, and customary conditions.