Dean Foods, Dairy Farmers of America Call off $ 425M Deal

According to documents filed this week with the U.S. Bankruptcy Court in Houston, Dean Foods Company revealed that Dairy Farmers of America is no longer the lead bidder in the upcoming bankruptcy sale.

Court to Decide if DFA is Lead Bidder in Dean Foods’ Bankruptcy Auction

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.

Dairy Farmers of America Reaches Agreement with Dean Foods

February 17, 2020 Dairy Farmers of America

Dairy Farmers of America, Inc. (DFA) announced today an agreement has been reached with Dean Foods (Dean) for the farmer-owned Cooperative to become the stalking horse bidder to acquire a substantial portion of Dean’s assets and business.

As Americans Sour on Milk, Could These Famous Dairy Brands Disappear

February 7, 2020 Nathan Bomey USA TODAY

As consumers increasingly turn to milk alternatives and thousands of dairy farms are collapsing, milk producers are now faltering, too, putting thousands of jobs at risk and threatening their brands.

Dean Foods Receives Final Court Approval for $ 850M in Debtor-In-Possession Financing

December 27, 2019 Dean Foods Company

Dean Foods Company announced that the U.S. Bankruptcy Court for the Southern District of Texas has entered a final order granting the Company authority to access the full amount of its $850 million in debtor-in-possession (“DIP”) financing.