Ryan & Maniskas, LLP Announces Investigation of Del Monte Foods Co.
November 29 2010 - 10:40AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/dlm) is
investigating potential claims against the board of directors of
Del Monte Foods Co. ("Del Monte" or the "Company") (NYSE: DLM)
concerning possible breaches of fiduciary duty and other violations
of law related to the Company’s efforts to sell Del Monte to an
investor group comprised of Kohlberg Kravis Roberts & Co.,
Vestar Capital Partners, and Centerview Partners in a transaction
valued at approximately $5.3 billion.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to approval of the transaction
by Company’s board of directors; in particular, whether the Company
undertook a fair process to obtain fair consideration for all
shareholders of Del Monte. For more information regarding our
investigation, please contact Ryan & Maniskas, LLP (Richard A.
Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/dlm.
Under the terms of the proposed transaction, Del Monte
shareholders are to receive $19.00 in cash for each share they
own.
If you own shares of Del Monte and would like to learn more
about these claims or if you wish to discuss these matters and have
any questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign
up online, visit: www.rmclasslaw.com/cases/dlm. You may also email
Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
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