Horizon Organic Holders Approve Sale to Dean Foods
ATLANTA - Milk producer Horizon Organic Holding Corp. on Thursday said its shareholders approved the company's pending acquisition by dairy processor Dean Foods Co.
Dean offered to buy the 87 percent of Horizon it does not already own for about $216 million in June. Dean would also assume $40 million of Horizon debt.
Boulder, Colo.-based Horizon said the transaction was expected to close in January.
Dean offered to buy the 87 percent of Horizon it does not already own for about $216 million in June. Dean would also assume $40 million of Horizon debt.
Boulder, Colo.-based Horizon said the transaction was expected to close in January.