DALLAS, Nov. 3 /PRNewswire-FirstCall/ — Dean Foods Company (NYSE: DF)
announced today that its Board of Directors has increased the company’s open
market share repurchase program for the company’s common stock by
$100 million. The company repurchased a total of $251.7 million in stock in
the third quarter and an additional $39.7 million in the fourth quarter to
date. With the increase announced today, there is a total of $118 million
available under the company’s share repurchase authorization.
Pursuant to the program, the company may, from time to time, purchase
shares of its common stock, subject to compliance with applicable law.
Dean Foods Company is one of the leading food and beverage companies in
the United States. Its Dairy Group division is the largest processor and
distributor of milk and other dairy products in the country, with an extensive
refrigerated direct-store-delivery network. Through its White Wave and
Horizon Organic subsidiaries, Dean Foods Company is also the nation’s leading
manufacturer of soymilk, organic milk and other branded organic foods. The
company’s Specialty Foods Group is a leading manufacturer of pickles and other
specialty food products. Dean Foods Company and its subsidiaries operate
approximately 120 plants in 36 U.S. states, Spain and the United Kingdom, and
employ approximately 29,000 people.
SOURCE Dean Foods Company
CONTACT: Cory M. Olson, Senior Vice President and Treasurer of Dean
Foods Company, +1-214-303-3645
Web site: http://www.deanfoods.com