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Signs that Dean Foods may be sold

12-Mar-2001

Dean Foods , the second-largest dairy processor and distributor in the US, has called in Goldman Sachs, the US investment bank, to advise on strategic and financial alternatives, prompting speculation of an eventual sale, the Financial Times reports.

 

 

 

The news came as the Chicago-based company said that it would report earnings below market expectations for the three months to February. Dean Foods said it expected to make about 45-47 cents a share, compared with the consensus estimate of 65-67 cents. Full-year earnings would be around about $2.50-$2.55, compared with a consensus estimate of about $3.02.

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