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
Saputo Inc. announces today that it has entered into an agreement to acquire the specialty cheese business (the “Specialty Cheese Business”) of Lion-Dairy & Drinks Pty Ltd. The Specialty Cheese Business is conducted at two manufacturing facilities located in Burnie and King Island, Tasmania (Australia) and employs approximately 400 people. …
Dallas-based Borden Dairy, which filed for bankruptcy protection in January, has been scooped up by private equity giant KKR & Co. and an investment firm led by the former CEO of Borden’s biggest rival, Dallas-based Dean Foods. …
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. …
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