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Article: Dean Foods Company and Horizon Organic Holding Corporation Announce Shareholder Lawsuits.
- Article from:
- PR Newswire
- Article date:
- July 2, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Dean Foods Company and Horizon Organic Holding Corporation announced today that two shareholders have filed two class action complaints in the Chancery Court in the State of Delaware against Dean Foods Company and Horizon Organic Holding Corporation and the individual members of its Board of Directors. The complaints allege, among other things, that the consideration to be paid to shareholders of Horizon Organic in connection with the proposed acquisition by Dean Foods of Horizon Organic is unfair and that the defendants breached their fiduciary duties to the Horizon Organic shareholders.
Tom McCloskey, Chairman of the Board of Directors of Horizon Organic, ...