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Dean Foods Effects 1-for-2 Reverse Stock Split And Reiterates Third Quarter And Full Year 2013 Guidance On A Post-Split Basis

Stocks in this article: DF

The Company intends to submit a proposal at the Company's 2014 Annual Meeting of Stockholders to amend its certificate of incorporation to reduce the authorized shares of common stock of the Company by the same 1-for-2 ratio as determined in the reverse stock split. Additional information on the treatment of fractional shares and other effects of the reverse split can be found in Dean Foods' definitive proxy statement filed with the Securities and Exchange Commission on April 12, 2013. Dean Foods' stockholders granted the Board of Directors discretionary authority to effect this reverse stock split at the Company's Annual Stockholders Meeting on May 15, 2013.

FORWARD-LOOKING STATEMENTS

Some of the statements in this press release are "forward-looking" and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These "forward-looking" statements include statements relating to, among other things, Dean Foods' expected adjusted diluted earnings. These statements involve risks and uncertainties that may cause results to differ materially from the statements set forth in this press release. For risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K filed with the SEC. The forward-looking statements in this press release speak only as of the date of this release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to such statements to reflect any change in its expectations with regard thereto or any changes in the events, conditions or circumstances on which any such statement is based.

ABOUT DEAN FOODS

Dean Foods ® is a leading food and beverage company in the United States and is the nation's largest processor and direct-to-store distributor of fluid milk. Headquartered in Dallas, Texas, the Dean Foods portfolio includes TruMoo ®, the leading national flavored milk brand, along with well-known regional dairy brands such as Alta Dena ®, Berkeley Farms ®, Country Fresh ®, Dean's ®, Garelick Farms ®, LAND O LAKES ® milk and cultured products*, Lehigh Valley Dairy Farms ®, Mayfield ®, McArthur ®, Meadow Gold ®, Oak Farms ®, Pet ®, T.G. Lee ®, Tuscan ® and more. In all, Dean Foods has more than 50 local and regional dairy brands and private labels. Dean Foods also makes and distributes ice cream, cultured products, juices, teas, and bottled water. Nearly 19,000 employees across the country work every day to make Dean Foods the most admired and trusted provider of wholesome, great-tasting dairy products at every occasion. For more information about Dean Foods and its brands, visit www.deanfoods.com .  

*The LAND O LAKES brand is owned by Land O'Lakes, Inc. and is used by license.

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