Is the milk and the ice cream going to stay the same or they going to get separated during this sell-off? Is the company going to be able to recover from filing chapter 11? Anyone deliver ice cream hear anything
1 reply
Too early to know any of those details. Even if Dean Foods has a plan for specific plants / business units, that plan has to be approved by the court and banks. The first hearing with Bankruptcy court is this afternoon, but that hearing likely will be just a standard first hearing with legal formalities and nothing specific or news worthy.
The court and banks will try and sell everything- all assets. Anything not sold might be the basis of a reorganized Dean Foods if there is a Dean Foods after all of this. Or the Dean Foods name be sold as an asset and if so, whatever company buys the name may call themselves Dean Foods or just use the Dean Foods branding for products, but it won't be the same company and will be a totally different legal entity.