Dean Foods News Layoff. A hearing on the agreement is scheduled for march 12. Convert to dean foods common stock, rather than receive the cash redemption price.
The dean foods' milk crisis that is forcing dairy farmers in kentucky and other states out of business also will eliminate jobs for more than 60 louisville workers. Arguably, the recent bounce is to be expected after such a bad drop. Under the agreement, dfa becomes the “stalking horse bidder” to acquire 44 of dean’s facilities and associated direct store delivery system, as.
Convert to dean foods common stock, rather than receive the cash redemption price.
Dean foods is a large food and beverage company. In 2018, dean foods held 12.5% of the market share for milk, according to euromonitor data. Layoffs will begin immediately with a voluntary reduction program followed by an involuntary reduction, if necessary. The dean foods' milk crisis that is forcing dairy farmers in kentucky and other states out of business also will eliminate jobs for more than 60 louisville workers.