Note: my comments are entirely speculative and could be wrong about it. Deans in really bad shape due to its own mistakes. But it has a lot of institutional stockholders (70%) and they likely are holding the money of farmers, small investors, etc. So it will be a double blow to gut the pensions AND wipe out the stock, which court might not allow. Then again, no equity committee has been approved. The reason PPS may increase would be to bring it over $1, stabilize the price, put window dressing etc. just to give the appearance that DFA is buying a semi-respectable company, not outright junk.
