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
Dean Foods Company announced the appointment of Chris Finck as SVP, Chief Sales Officer, effective immediately. In this role, Finck will lead Dean Foods’ national sales team to drive the Company’s brands and optimize its go-to-market strategies. Finck will be a key member of the Company’s Executive Leadership Team and will report to Ralph Scozzafava, Chief Executive Officer. …
Canadian dairy giant Saputo Inc. is targeting an acquisition of a plant-based milk business in North America by the end of the year to capture some of the growth driven by a shift toward less or no dairy for heath and environmental reasons. …
Saputo will officially set foot in Europe as of April 15, after its $1.7-billion offer for Dairy Crest Group was accepted by the United Kingdom-based company’s shareholders. …
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