Thread regarding Dean Foods Co. layoffs

Bordon bankrupt again? Second time

Could what happen to Borden hurt or help the situation with dean foods and ch.11

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Post ID: @OP+13489DmB

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Dean Foods had 10X the debt of Bordens (if you believe the info in the filings).

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Post ID: @2nld+13489DmB

Well Bordens closed its Meyer (Cinci) plant just before filing for bankruptcy.

Also I don't think Dean had 5x the debt that Borden did but they have 5x the plants.

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Post ID: @2ehb+13489DmB

No effect whatsoever. Borden filed Chapter 11 to reorganize debt and get out from underneath some union pension liability. They'll reorganize and emerge from bankruptcy without selling a single location.
Dean Foods filed Chapter 11 due to massive amounts of debt (far more than Borden) and the only reason it was Chapter 11 instead of Chapter 7 is because the brains thought they'd be able to use Chapter 11 to pull off a quick sale to DFA and collect bonuses which they wouldn't have gotten if they had gone straight to Chapter 7. Dean Foods still likely headed to Chapter 7 and there will be no emergence from bankruptcy as a reorganized company.

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Post ID: @2upv+13489DmB

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