The a2 Milk Company has revealed Dean Foods Company and Freedom Foods Limited are behind an expression of interest.
The announcement follows a request from the ASX to reveal the identity of the parties in response to media speculation.
On Monday, the a2 Milk Company announced it received an expression of interest to acquire all shares of the company, but said the two parties who submitted the expression of interest had requested confidentiality, and stated that their expression of interest may be withdrawn if it ceases to be confidential.
On Tuesday, Freedom Foods stepped forward to announce it was one of the two parties.
The expression of interest is indicative, conditional and non-binding. The Board is currently seeking more information in order to evaluate the proposal.
Dean Foods is an American food and beverage company, producing a full line of dairy and soy products. The Company is one of the United States’ largest processors and direct-to-store distributors of fluid milk marketed under more than 50 local and regional dairy brands and private labels.