Dean Foods Stock Gains on Report of a Possible Saputo Purchase

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. 

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