Deals
Milk Giant Dean Foods Seen as Takeover Target After Share Plunge
- Dairy-processing assets may lure interest, Deutsche Bank says
- Dean stock down more than 50 percent in past 12 months
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The largest U.S. milk bottler may be a takeover candidate, according to Deutsche Bank.
Shares of Dean Foods Co. have tumbled more than 50 percent in the past 12 months as the company battles a long-term decline in U.S. milk consumption and competition from new plants. The Dallas-based processor has garnered interest from global dairy players in the past, Deutsche Bank analysts including Rob Dickerson said in a note dated Monday. More recently, activist Swiss firm VV Value Vals AG has taken a 10 percent position in the shares and said it may seek talks with management.