Top negotiators from China and the U.S. talked again this weekend, after signs of concessions from both sides on some of the outstanding issues.
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At a first-day bankruptcy hearing, an attorney for a third of the company’s bondholders said that while Dean is “focusing exclusively” on a combination with the co-op, that option won’t be “value-maximizing.”
The milk equivalent of these sales is just shy of 900 million pounds on a milk-fat basis.
Dairy Farmers of America Inc, the biggest U.S. dairy cooperative, is in advanced talks to acquire U.S. milk processor Dean Foods Co. But other would-be buyers could emerge.