By: Benzinga
January 03, 2013 at 11:19 AM EST
Dean Foods Closes Sale of Morningstar Foods Unit to Saputo
Dean Foods Company (NYSE: DF ) today announced the completion of the previously announced sale of its Morningstar Foods division to Saputo Inc for US$1.45 billion. As a result of this transaction, Dean Foods expects to realize approximately US$887 million in proceeds, net of taxes and expenses. The Company plans to use all net
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