New York, May 10, 2016 -- Moody's Investors Service commented that Dean Food Company's announced agreement to acquire the manufacturing and retail ice cream business from an affiliate of Friendly's Ice Cream, LLC is credit positive, but has no effect on the company's ratings. On May 9, 2016, Dean announced it had agreed to acquire Friendly's Ice Cream business for $155 million. For more details please see the Issuer Comment published May 10, 2016.
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