Dean Foods Announces Agreement to Sell Morningstar Foods Division to Saputo Inc.
date:Dec 04, 2012
gstar will be well positioned for continuing success and future growth.

Gregg Tanner, CEO of Dean Foods, added, Dean Foods will use substantially all of the net proceeds from the sale of Morningstar to significantly reduce outstanding debt, resulting in a stronger balance sheet and increased flexibility to execute against our strategies for our core dairy business. As we noted on our third quarter earnings call, this flexibility increases our ability to sharpen our focus on the conventional dai
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