Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Del Monte Foods Company, in Connection wi...
November 29 2010 - 7:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Del Monte Foods Company (“Del Monte” or the “Company”) (NYSE:DLM)
related to the Company’s agreement to be acquired by funds
affiliated with Kohlberg Kravis Roberts & Co. L.P., Vestar
Capital Partners and Centerview Partners. The proposed cash
transaction is valued at approximately $5.3 billion, including
assumed debt.
Under the terms of the definitive agreement entered into by the
parties, Del Monte shareholders will receive $19.00 in cash for
each share they own of the Company’s common stock. The transaction
is expected to close by the end of March 2011. The investigation
concerns possible breaches of fiduciary duty and other violations
of law related to approval of the proposed transaction by Del
Monte’s board of directors.
If you are a shareholder of Del Monte, if you have information
or would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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