Dean Foods ups share buyback plan
August 11, 2005
by Eric Schroeder
DALLAS — The board of directors of Dean Foods Co. on Wednesday increased the company’s share purchase program by $300 million.
To date, the company has repurchased a total of $106.6 million in stock in the third quarter, and the expanded program brings the total available for repurchases to $311 million.
The company currently has about 150.5 million shares outstanding.
Shares of Dean Foods fell 17c to close Wednesday at $34.80 on the New York Stock Exchange.