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Dean Foods (DF) Stock Spikes Amid Takeover Speculation

NEW YORK (TheStreet) -- Shares of Dean Foods (DF) were soaring 8.2% to $18.07 on heavy trading volume early Friday afternoon as Chinese beverage company Hangzhou Wahaha has pursued financing for a potential takeover of the company, the Financial Times reports, citing sources.

Hongsheng Beverage, which is a subsidiary of Wahaha, has approached banks in Hong Kong about teaming up for a possible buyout, the FT added. But the plans are in an early stage and Wahaha is also considering other acquisition targets.