Dean to Acquire Horizon Foods

CHICAGO -- Dean Foods Co., the largest U.S. dairy processor, said today that it will acquire the 87 percent of Horizon Organic Holding Corp. that it does not already own for $216 million, expanding its organic food product line.

The deal, equal to $24 per share of Horizon Organic, is expected to close during the fourth quarter of 2003, Dallas-based Dean said.

Dean will also assume $40 million in debt.
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