Dairy Farmers of America could learn Thursday if it will have the inside track to buy the nation’s largest milk processor out of bankruptcy.
A hearing is scheduled for Thursday on a motion by Dean Foods Co. to have DFA serve as a “stalking horse bidder” for its assets. The stalking horse bidder provides an offer that serves as a floor for bidding in a court-run auction.
Kansas City, Kan.-based DFA made an offer in mid-February to buy Dean Foods assets for $425 million plus the assumption of various liabilities.
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