Dean is looking for money:
"David Tepper’s hedge fund firm Appaloosa Management has started a brand new position in Dean Foods (NYSE:DF). Per a 13G filed with the SEC, the hedge fund disclosed a 7.35% ownership stake in DF with 13,396,536 shares due to trading on December 28th, 2010. The majority of shares are held in Appaloosa’s Palomino fund. You can view Appaloosa’s other investments in our newsletter, Hedge Fund Wisdom."
(more at link)
Dean Foods is also selling its yogurt business, which consist of three plants, to Schreiber Foods.