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Dean Foods to Spin Off Food...

Dean Foods to Spin Off Food Groups

07 Feb 2005
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The new group, which will be led by former Keebler Foods CEO Sam Reed will become a $700 million publicly traded private label company.

07/02/05 Dean Foods is set to spin off its specialty food groups to shareholders. The new group, which will be led by former Keebler Foods CEO Sam Reed will become a $700 million publicly traded private label company. News of the move at the dairy processor and beverage maker sent shares rising by 6 percent. The spin-off is expected to be completed by the third quarter of 2005.

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