AGRILINK SET TO ACQUIRE DEAN VEGETABLE OPERATIONS

FRANKLIN PARK, Ill. -- Dean Foods Co. here and Agrilink Foods Inc., Rochester, N.Y., have reached a definitive agreement by which Agrilink would acquire Dean's vegetable operations, which include the frozen Birds Eye brand.The price would be approximately $400 million in cash plus Agrilink's aseptic foods business, which would be folded into Dean's Specialty business segment. The transaction, subject

FRANKLIN PARK, Ill. -- Dean Foods Co. here and Agrilink Foods Inc., Rochester, N.Y., have reached a definitive agreement by which Agrilink would acquire Dean's vegetable operations, which include the frozen Birds Eye brand.

The price would be approximately $400 million in cash plus Agrilink's aseptic foods business, which would be folded into Dean's Specialty business segment. The transaction, subject to regulatory approval, is expected to close by the end of September.

"The s

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