There are reports that DOJ will allow DFA to buy Dean Foods assets. DFA will end up controlling the entire dairy market and will be able to manipulate milk prices. They have been doing that with Deans and got sued for it but now they can do it as one company.
Maybe DOJ asked Borden to step up and that is why they are now proposing a merger deal? Kinda late to the game though right?
You people are id–ts the website should be taken down.
I agree that it might have been DOJ that asked Borden and Dean's bondholders to propose an alternative plan. DFA+Dean combo would be disastrous for the dairy market.
Borden is also in ch 11 but their lender KKR is standing behind this merger and willing to put in more cash. From what i have read, the bondholders and KKR are putting in a lot of cash to restructure both entities.
All you union people still do not get it. If you vote no it does not matter. Your pension is good up to time of sale. After that it is 401k . Are you that dumb that you do not understand English? You continue to bash the union and yes they will continue to take your money unless you vote them out but one thing is certain is that once your CBA is done it is done. If you want to continue paying the group thag goes to Jamaica every year on your dollar keep fighting. But it will get you get you nowhere. It is like paying child support and not seeing your kids. Pay the lawyer and have the same answer. At this point in time it is called insanity. Doing the same thing over and over and expecting different results. Your union will be gone or you will be looking for another job.
DFA and Dean Foods were more or less running a monopoly together in many regions already (technically not a monopoly since there was more than one company involved, but for all practical purposes it was a monopoly).
But monopoly aside, it's not like there were companies that DFA outbid. Most other dairy companies don't want to expand their low margin fluid business and only offer it as part of a wider range or products.
So this is kind of like the union situation.
Unions had the options of accepting a few concessions or else risk losing their entire CBAs.
Here the DOJ has the option of allowing this sale to go through even though it gives dairy farmers fewer options to sell their milk or else the DOJ blocks the deal, plants close, and dairy farmers have fewer options to sell their milk.
This has got to be the dumbest thing I've ever read. Borden's is in chapter 11. Whoever told you they wanted to merge with dean's is a mo–n. The DOJ has already said DFA has to sell off some of its assets for the sale to go through.