A Cornell economics professor says the Dean Foods-Dairy Farmers of America deal is far from finished. Andrew Novakovic tells Brownfield the Dean Foods proposal to sell assets to Dairy Farmers of America might be challenged by Dean’s creditors. “Although the company itself, Dean Foods, has the right and privilege and authority to offer its preferred plan, if the creditor committee somehow thinks that it could be improved on, they do have the right to offer an alternative.”
Novakovic tells Brownfield a final resolution to the Dean Foods bankruptcy might take quite a while.
Continue reading Cornell economist says Dean Foods-DFA deal might take time at Brownfield Ag News.
