Dean Foods Down After Federal Officials’ Subpoena

HFA Padded
Mani
Published on
Updated on

The Federal Bureau of Investigation and the Securities and Exchange Commission have reportedly sought information from food and beverage company Dean Foods Co (NYSE:DF) and consumer products maker The Clorox Co (NYSE:CLX) in connection with an insider-trading investigation of billionaire investor Carl Icahn. Citing people familiar with the developments, The Wall Street Journal reports that the Dallas-based dairy and soy company Dean Foods Co (NYSE:DF) recently received a subpoena from criminal authorities ordering the company to produce information. Insider-trading probe According to The Wall Street Journal report, the government investigation began after Mr. Icahn accumulated a 9.1% stake in consumer products maker…

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HFA Padded

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports