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I knew it. Another lie by dean foods. That fact that DFA said nothing while deans kept saying everything is ok dfa will take over.
Free version of the news that first appeared in the WSJ and NYT, but you had to pay to read on those sites:
Key take aways that you don't get from the headlines:
- DOJ started investigation back in December. Talking to dairy farmers asking what non-DFA customers they might have to sell milk to if DFA buys Dean Foods in their area.
- Quote from DFA spokesclown:
"We have not reached an agreement with Dean Foods for its assets, so it may be premature, but the Justice Department has a job to do, If we reach a deal, we would fully cooperate with DOJ officials as we have with past transactions."
The grouping of the north east plant happened like 2 years ago keek grasping at straws!!
Ive already thought there was a possible sale in the works. In the north east corner, lansdale, ny and franklin ma plants have merged as garelick farms. The Ma plant is hige and is a big producer. Of course, management states its just so we can borrow from each other. But, i feel these three plants are a definate purchases by DFA. Anyone else going through being grouped?
10 months average. Deans will probably be out of cash by then.
The news here isn't that DFA is in talks with Dean Foods. We've know that since the Chapter 11 filing and talks had to have started before then. The news is that the DOJ is starting their anti-trust review. Latest stats I could find show that it takes on average 10 months for the DOJ to complete an anti-trust review. So maybe 10 months before we even know if the DOJ would allow the sale or what restrictions will be on the sale if allowed.
Article states DFA does not have to save every plant. They can pick and choose. The leftovers will be shut down or auctioned off for parts and labor will be out of jobs or farmed out to saved plants. OUCH!!