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Dean Foods Co (DF)

DF on New York Consolidated

10.40USD
25 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Wahaha seeks backing for possible Dean Foods takeover- FT, citing sources
Friday, 28 Oct 2016 12:06pm EDT 

: Wahaha seeks backing for possible Dean Foods takeover- FT, citing sources . China's Hangzhou Wahaha group has approached banks in Hong Kong for help in financing potential takeover offer for Dean Foods- FT, citing sources Source (http://on.ft.com/2eDExvT) ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Dean Foods appoints Ralph Scozzafava as COO
Thursday, 1 Sep 2016 04:17pm EDT 

Dean Foods Co : Ralph Scozzafava, executive vice president and chief operating officer, will succeed Gregg Tanner as chief executive officer .Tanner will remain as an advisor to company through annual stockholders meeting in May 2017.  Full Article

Dean foods Q2 adjusted EPS $0.38
Monday, 8 Aug 2016 06:45am EDT 

Dean Foods Co : Dean foods announces second quarter 2016 results . Sees q3 2016 earnings per share $0.28 to $0.36 . Q2 earnings per share $0.36 . Sees q3 adjusted earnings per share $0.32 to $0.40 . Q2 earnings per share view $0.40 -- Thomson Reuters I/B/E/S . Qtrly net sales $1.85 billion versus $2.01 billion . Q3 earnings per share view $0.37 -- Thomson Reuters I/B/E/S . Total volume across all products was 632 million gallons for q2 2016, a 3.2% decline compared to total volume of 653 million gallons in q2 2015 . Q2 revenue view $1.85 billion -- Thomson Reuters I/B/E/S .For q3, as compared to prior year period, company expects total volumes to decline in low single digits, but improving versus recent trend.  Full Article

Friendly's finalizes sale of retail ice cream, manufacturing business to Dean Foods
Monday, 20 Jun 2016 04:01pm EDT 

Friendly's Ice Cream LLC:Finalizes sale of retail ice cream, manufacturing business to Dean Foods Co; deal for $155 million in cash.  Full Article

SEC says golfer Phil Mickelson should repay trading gains based on tip from Las Vegas gambler
Thursday, 19 May 2016 08:30am EDT 

: U.S. SEC names golfer phil mickelson as "relief defendant" in civil lawsuit versus thomas Davis, william "billy" walters--filing . SEC says mickelson generated $931,000 profit in 2012 by trading in Dean Foods Co stock based on tip from walters . SEC says walters' tip to mickelson was based on inside information that walters had received from Davis, once dean's chairman . SEC says mickelson had previously placed bets with walters, a well-known gambler, and owed him money at the time of the tip . SEC says mickelson made his trades in three brokerage accounts that he controlled . SEC says mickelson "had not been a frequent trader," and had never bought Dean Foods stock before the 2012 purchase . SEC says mickelson bought his Dean Foods shares on July 30-31, 2012, and sold all of them on August 8, 2012 . SEC says mickelson repaid gambling debts to walters in September 2012, in part with proceeds from his trading in Dean Foods . SEC says mickelson was "unjustly enriched" by his trading and must disgorge his ill-gotten gains . SEC says mickelson's gains stemmed from the securities law violations by Davis and walters . SEC says it would not be "just, equitable, or conscionable" for mickelson to keep his ill-gotten gains.  Full Article

U.S. charges ex-Dean Foods chairman Thomas Davis, pro gambler William "Billy" Walters with insider trading
Thursday, 19 May 2016 08:23am EDT 

: U.S. unveils insider trading charges against ex-Dean Foods Co chairman Thomas Davis, pro gambler william "billy" walters . U.S. accuses Davis of securities fraud, wire fraud, conspiracy, obstruction of justice, perjury . U.S. accuses walters of securities fraud, wire fraud, conspiracy . U.S. says Davis from 2008-2014 leaked tips about dean's results and outlook, and the spinoff of its whitewave-alpro segment . U.S. says Davis also leaked material nonpublic tips he received from a ny investment firm about Darden Restaurants Inc . U.S. says Davis provided a variety of tips to walters, who then traded on the inside information . U.S. says Davis and walters were friends since the mid-1990s, with shared interests in sports, golf, gambling and business . U.S. says walters gave Davis kickbacks, including loans that were never repaid, in exchange for the inside information . U.S. says walters illegally generated profit of $32 million and avoided losses of $11 million trading in Dean Foods stock . U.S. says walters illegally generated profit of about $1 million trading in Darden stock.  Full Article

U.S. to announce insider trading charges against sports bettor Billy Walters & former Dean Foods chairman Thomas Davis today at noon - CNBC
Thursday, 19 May 2016 08:18am EDT 

: U.S. to announce insider trading charges against sports bettor Billy Walters & former Dean Foods chairman Thomas Davis today at noon - CNBC (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Dean Foods Presentation : Competed for and won a significant long-term agreement, totaling 40 million gallons annually, starting in June
Tuesday, 10 May 2016 09:40am EDT 

Dean Foods Co : Presentation- competed for and won a significant long-term agreement, totaling 40 million gallons annually, starting in june . Ceo- expect commodity costs to remain favorable as global production growth continues to outpace demand . Ceo - dialogue with wal-mart is ongoing, still believe impact from walmart's planned milk plant will not be material to our results . Ceo on conf call - estimate new contract plus friendly's acquisition to increase q2 volume growth rate by about 300 basis points. . Ceo on conf call - expect raw milk commodity costs to remain benign for rest of year (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Dean Foods Q1 earnings per share $0.43
Tuesday, 10 May 2016 06:57am EDT 

Dean Foods Co : Quarterly dividend increased to $0.09 per share, a 29% increase . Total volume across all products was 641 million gallons for q1 of 2016, a 3.2% decline . For q2, expected volume declines in low single digits . Q2 earnings per share view $0.34 -- Thomson Reuters I/B/E/S . Qtrly gaap net sales $1.88 billion versus $2.05 billion . Q1 revenue view $1.89 billion -- Thomson Reuters I/B/E/S . Dean foods announces first quarter 2016 results . Q1 adjusted earnings per share $0.45 . Q1 earnings per share $0.43 . Q1 earnings per share view $0.38 -- Thomson Reuters I/B/E/S .Sees q2 2016 adjusted earnings per share $0.32 to $0.40.  Full Article

Dean Foods buys Friendly's Ice Cream retail and manufacturing business for $155 mln
Monday, 9 May 2016 09:07pm EDT 

Dean Foods Co : Acquisition of Friendly's Ice Cream is expected to be immediately accretive to margins and earnings . Has agreed to acquire manufacturing and retail ice cream business from an affiliate of Friendly's Ice Cream for $155 million in cash . Dean Foods expects that acquisition will add approximately $0.06 earnings per share accretion in 2016 . Dean Foods intends to fund transaction with cash on hand and our existing revolving facilities .Dean Foods company announces agreement to acquire Friendly's Ice Cream retail and manufacturing business.  Full Article

Fitch Affirms Dean Foods' IDR at 'BB-'; Withdraws All Ratings

(The following statement was released by the rating agency) CHICAGO, September 08 (Fitch) Fitch Ratings has affirmed and withdrawn all its ratings for Dean Foods Company and its subsidiary, Dean Holding Company: Dean Foods Company (Parent) --Long-term Issuer Default Rating (IDR) 'BB-'; --Secured bank credit facility 'BB+/RR1'; --Senior unsecured notes 'BB-/RR4'. Dean Holding Company (Operating Subsidiary) --Long-term IDR 'BB-'; --Senior Unsecured notes 'BB-/RR4'. The Outlook is Stable. Fitch has