The 24% premium Danone (DANOY) paid for WhiteWave Foods (WWAV) is below the 30% premium typically seen in takeout bids, Jefferies analyst Akshay Jagdale tells investors in a research note. Further, WhiteWave has widely been considered a buyout candidate with several potential suitors, including General Mills (GIS), PepsiCo (PEP) and Coca-Cola (KO), the analyst adds. As such, he thinks other potential bidders could enter the fray. Jagdale raised his price target for WhiteWave to $56 from $53 and keeps a Buy rating on the name. The company is trading up 19%, or $8.87, to $56.30 in pre-market trading after agreeing to be acquired by Danone for $56.25 per share.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Unusual total active option classes on open include: ImmunityBio (IBRX), Halliburton (HAL), Redfin (RDFN), Nokia (NOK), Matterport (MTTR), General Motors (GM), UPS (UPS), Philip Morris (PM), PepsiCo (PEP), and General Electric (GE).

Latest data shows the largest indicative borrow rate increases among liquid option names include: Luminar Technologies (LAZR) 21.68% +6.44, Mesoblast (MESO) 145.03% +2.00, iShares S&P National AMT Free Municipal Bond Fund (MUB) 19.65% +1.21, Stellantis NV (STLA) 1.41% +0.98, Veritone (VERI) 40.08% +0.46, ALTC Acquistion Corp (ALCC) 6.05% +0.44, US Global Jets ETF (JETS) 7.23% +0.36, Nokia (NOK) 3.33% +0.27, Annovis Bio Inc (ANVS) 91.57% +0.16, and Coca Cola (KO) 0.41% +0.16.

Berenberg analyst James Targett raised the firm's price target on Danone to EUR 63 from EUR 62.50 and keeps a Hold rating on the shares.