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Article: Antitrust Regulators to Scrutinize Dean Foods-Suiza Foods Merger.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- April 6, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. 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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By Ameet Sachdev, Chicago Tribune Knight Ridder/Tribune Business News
Apr. 6--The pending marriage of Dean Foods Co. and Suiza Foods Corp., the two largest dairy companies, is sure to prompt close scrutiny from antitrust regulators who are sensitive to pricing of the grocery staple, analysts said.
Dean Foods, a Chicago area institution named after founder Samuel E. Dean, said Thursday that it agreed to a $1.5 billion buyout bid from Dallas-based rival Suiza, which also will assume $1 billion of Dean's debt. The cash-and-stock offer, which equals $41.14 cents a share, comes a month after Dean Foods disclosed it had hired an investment bank to explore ...