DFA explores acquiring bankrupt $7.7B milk processor


Dairy Farmers of America Inc. is in talks to buy the nation's largest milk processor, which announced Tuesday that it has filed for Chapter 11 bankruptcy.

Dallas-based Dean Foods Co. (NYSE: DF) plans to use the protection to support its business operations and address debt and unfunded pension obligations, “while it works toward an orderly and efficient sale.”

Dean also said it in "engaged in advanced discussions" with DFA about a sale of the company's assets. DFA, a cooperative based in Kansas…

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