On September 14, the American company providing dairy and specialty products Dean Foods Company announced that its shareholders approved the proposed merger between Dean Foods and Suiza Foods , the US milk and dairy products processor.
Approximately 63 per cent of the shares outstanding as of the record date were voted in favour of the merger transaction. Out of the total shares voted, over 96 per cent of the votes approved the merger.
The closing of the merger remains subject to certain conditions included in the merger agreement, including clearance by the Department of Justice. The merger should be completed by the end of the year.