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Dean Foods to Acquire Rest of Horizon Organic

 

Dean Foods (DF Quote) said Monday that it will acquire the 87% stake in Horizon Organic Holding (HCOW Quote) that it doesn't already own for $216 million, or $24 a share.

The Dallas-based company also said it will take on $40 million in debt in the deal, which is expected to close during the fourth quarter. ...

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