Dean Foods Co. said Tuesday that it had filed for Chapter 11 bankruptcy and was in talks to sell to DFA. However, a lawyer representing a group of Dean Foods bondholders told the bankruptcy court that focusing solely on a sale to DFA wouldn’t be a “value-maximizing” option and may not survive antitrust challenges
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It's going almost exactly like most Chapter 11 filings go. If you expected them to file on Tuesday and have everything wrapped up and finalized by Friday, then you had unrealistic expectations. It's going to take months at a minimum and could take a year or more.