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Dean Foods receives court approval for bankruptcy sale

Company anticipates completing all transactions by early May after receiving approvals.

Dean Foods Company announced that the U.S. Bankruptcy Court for the Southern District of Texas has approved the sale, subject to entry of final agreed orders, of a substantial portion of Dean Foods’ business operations, including the sale of the assets, rights, interests and properties relating to 44 of the company’s fluid and frozen facilities, to Dairy Farmers of America for $433 million.

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