Dean Foods Chews Over Sale Of $1B Morningstar Dairy Biz

Law360, New York (September 26, 2012, 9:41 PM EDT) -- Dallas-based Dean Foods Co. is considering selling its $1.3 billion warehouse delivery dairy business, Morningstar Foods, though it hasn't yet identified a worthy buyer, the parent company announced Wednesday.

Dean, which operates another dairy division as well as a plant-based foods brand, thinks Morningstar's “attractive portfolio in a growing marketplace” could present an attractive target, according to a statement from the Texas food company. But Dean is under no pressure to sell.

“The company only intends to sell the Morningstar business if it can do so...
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