DALLAS, Nov. 29 /PRNewswire-FirstCall/ — Dean Foods Company (NYSE: DF)
today announced that its Board of Directors has increased the company’s
authorization under its open market share repurchase program by $300 million.
With the increase announced today, a total of $321 million remains 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.
Some of the statements in this press release are “forward-looking” and are
made pursuant to the safe harbor provision of the Securities Litigation Reform
Act of 1995. These “forward-looking” statements include statements relating to
the Company’s potential use of cash and share repurchases. These statements
involve risks and uncertainties that may cause results to differ materially
from the statements set forth in this press release. The forward-looking
statements in this press release speak only as of the date of this release.
The Company expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to such statements to reflect any change in
its expectations with regard thereto or any changes in the events, conditions
or circumstances on which any such statement is based.
ABOUT DEAN FOODS
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 products
sold under more than 50 familiar local and regional brands and a wide array of
private labels. The Company’s WhiteWave Foods subsidiary markets and sells a
variety of well-known dairy and dairy-related products, such as Silk(R)
soymilk, Horizon Organic(R) milk and other dairy products and International
Delight(R) coffee creamers. WhiteWave Foods’ Rachel’s Organic(R) brand is the
largest organic milk brand and second largest organic yogurt brand in the
United Kingdom. Dean Foods is also one of the largest processors and
distributors of fluid milk in Spain and Portugal.
Contact: Marguerite Copel Vice President, Corporate Communications (214) 721-1273 Barry Sievert Sr. Director of Investor Relations (214) 303-3437
SOURCE Dean Foods Company
CONTACT: Marguerite Copel, Vice President, Corporate Communications,
+1-214-721-1273, or Barry Sievert, Sr. Director of Investor Relations,
+1-214-303-3437, both of Dean Foods Company