Borden Dairy Doesn’t Intend to Pursue a Merger with Dean Foods

Borden Dairy Co. has told Dean Foods Co. that it doesn’t intend to pursue a transaction and it anticipates no further discussions with Dean on the topic, the company said in an emailed statement to Bloomberg.

• Borden had a 30-minute talk with Dean Foods after the latter and its advisers made repeated requests to meet
  • The meeting “amounted to nothing more than unrealistic musings of a possible combination”
• NOTE: Debtwire earlier said in a report that Dean Foods is holding discussions about merging with Borden Dairy
• Dean Foods declined to comment in a emailed response to questions from Bloomberg
• NOTE ...