Danone Reportedly Interested in Dean; Dean Shares Up
3/8/2010 12:00 AM

Shares of Dean Foods are up on rumors it could be a target of acquisition for Danone. Market activity in Dean's shares was high on Friday and, at one point, the company rose 8.3 percent. Option volume was 10 times higher than normal; the majority of buying took place in call options for March and April at a price of $17.50 per share. The rumor seems to have originated on internet chat boards. Not all traders are convinced that Dean's commodity business will hold attraction for Danone whose own business strategy focuses on value-added health and wellness products.
 

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Source: "Dean Shares Jump on Danone Rumor", Reuters republished in Flex News, March 8, 2010

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