Dean Foods stock was shooting higher Monday morning on rumors that Canada’s Saputo may be looking to buy the organic-foods maker.
The Back Story. Dean Foods (ticker: DF) peaked at more than $43 at the start of 2007 and it has basically been downhill ever since. This year, the stock was hit by a debt downgrade at S&P Global Ratings and the company suspended its dividend after downbeat 2018 full-year results.
To read the rest of the story, please go to: Barron’s
As a result, Dean Foods has completed all of its previously announced sales. In the coming weeks, Dean Foods intends to file a chapter 11 plan that will govern, among other things, the distribution of sale proceeds and the rights and treatment of all claims against Dean Foods. …
While many in the U.S. dairy sector focus on why the nation’s largest milk bottler, Dean Foods, filed for bankruptcy Nov. 12, the smart money—if there is any smart money left after four years of crushingly low milk prices—is focused on what’s next. …
Saputo Inc. announces that it has reached an agreement with Dairy Crest Group plc on the terms of a cash acquisition by which Saputo will acquire the entire issued and to be issued ordinary share capital of Dairy Crest for £6.20 per ordinary share, valuing Dairy Crest’s existing issued and to be issued ordinary share capital at approximately £975 million (approximately CDN $1.7 billion). …
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