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WhiteWave had initially planned to sell 20 million shares for between $14 and $16 per share. Growe also noted that Dean Foods, based in Dallas, is exploring to sale of its Morningstar dairy division to focus on its Fresh Dairy segment. Growe estimated the value of Morningstar at $1 billion, which would yield about $800 million in net proceeds for Dean Foods to pay down debt.
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