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BUSINESS
April 6, 2001 | From Times Wire Services
Got milk? Suiza Foods has lots of it--nearly a third of the U.S. market. In a giant milk merger pairing the two biggest U.S. dairy processors, Suiza said Thursday it is buying Dean Foods Co. for about $1.5 billion in cash and stock, taking its rival's name and moving Dean's headquarters from the Chicago suburbs to Suiza's base in Dallas.
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BUSINESS
April 6, 2001 | From Times Wire Services
Got milk? Suiza Foods has lots of it--nearly a third of the U.S. market. In a giant milk merger pairing the two biggest U.S. dairy processors, Suiza said Thursday it is buying Dean Foods Co. for about $1.5 billion in cash and stock, taking its rival's name and moving Dean's headquarters from the Chicago suburbs to Suiza's base in Dallas.
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BUSINESS
September 30, 1997 | Bloomberg News
Suiza Foods Corp. said it will buy Dallas-based Morningstar Group Inc. for about $960 million in equity and assumed debt to create the largest dairy company in the U.S. The purchase will add Morningstar's coffee creamers and dessert toppings to Suiza's dairy business. Morningstar and other pending purchases would make Suiza, also based in Dallas, bigger than the dairy industry's current No. 1, Dean Foods Co. Morningstar, an affiliate of Dallas-based buyout firm Hicks, Muse, Tate & Furst Inc.
BUSINESS
September 30, 1997 | Bloomberg News
Suiza Foods Corp. said it will buy Dallas-based Morningstar Group Inc. for about $960 million in equity and assumed debt to create the largest dairy company in the U.S. The purchase will add Morningstar's coffee creamers and dessert toppings to Suiza's dairy business. Morningstar and other pending purchases would make Suiza, also based in Dallas, bigger than the dairy industry's current No. 1, Dean Foods Co. Morningstar, an affiliate of Dallas-based buyout firm Hicks, Muse, Tate & Furst Inc.
BUSINESS
December 19, 2001
* Airbus won its first major military contract as eight countries agreed to buy its new A400M transport plane. The deal is worth about $21 billion to Airbus and its partners in the biggest European defense project. * General Electric Co. agreed to buy Interlogix Inc. for about $777 million in cash and stock, adding sales of commercial and residential security equipment amid increased concern about safety. * Honeywell International Inc. beat Lockheed Martin Corp.
BUSINESS
January 16, 1998
Chicago-based Commonwealth Edison Co., widely criticized for poor management of nuclear power plants, said it will close its Zion Nuclear plant after nearly 25 years of operation and take a charge of $515 million . . . Home Depot Inc. won federal court approval for a settlement of a sex-discrimination class-action suit calling for payments of $65 million to about 6,000 female employees and former employees . . . Suiza Foods Corp., one of the largest dairy companies in the U.S.
BUSINESS
September 16, 1998 | Bloomberg News
Food distributor Dean Foods Co. agreed to buy closely held Berkeley Farms for an undisclosed price to expand in Northern California as it vies with Suiza Foods Corp. for leadership among national dairy processors. Hayward-based Berkeley Farms is family-owned and -managed and had 1997 sales of about $160 million from its dairy businesses. Dean Foods had $3.29 billion in sales in its fiscal year ended May 31. This is the 10th purchase that Franklin Park, Ill.
BUSINESS
June 28, 2001 | Bloomberg News
Dean Foods Co., the dairy products maker that agreed to be bought by Suiza Foods Corp., said operating profit dropped 48% in its fiscal fourth quarter to $15.5 million, or 43 cents a share. Sales rose 13% to $1.16 billion. Increased costs for marketing powdered-milk products and new refrigerated items such as Dips for One vegetable dips, and higher pickle-making costs, led the company last week to cut its earnings forecast to 40 to 43 cents a share.
BUSINESS
October 26, 1998 | From Bloomberg News
A dairy group that runs the highly visible "milk mustache" advertising campaign should be suspended from operations because it lacks effective control over its $105-million annual budget, federal investigators said.
BUSINESS
September 30, 2003 | From Bloomberg News
Denying allegations of possible insider trading, Morgan Stanley said Monday that two of its mutual funds bought stock in Dean Foods Co. based on "public information" and not on any tips from its bankers who were advising Suiza Foods Corp. on the purchase of Dean Foods.
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