Dean Foods Announces Agreement to Sell Morningstar Foods Division to Saputo Inc.
date:Dec 04, 2012
' management expects its net debt to EBITDA ratio, as defined by its credit agreements, to be below 3.0x at year end 2012.

As a condition of the sale, Dean Foods also entered into an agreement with The WhiteWave Foods Company, a controlled subsidiary of the Company, whereby WhiteWave will receive $60 million net of taxes as consideration for the termination of an option to purchase plant capacity and property at a Morningstar facility and the sale to Morningstar of certain manufacturing equipme
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