Not Moooved By Merger: Dean Bondholders Just Say No to Deal With Dairy Co-op

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Nov.14 — Dean Foods Co., the biggest U.S. milk processor which filed for Chapter 11 bankruptcy protection Tuesday, has said it’s in advanced talks to sell assets to milk cooperative giant Dairy Farmers of America. Bondholders, however, aren’t convinced that’s a good deal. Bloomberg’s Alix Steel and Lydia Mulvany discuss the bankruptcy proceedings.

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