KKR Reportedly Makes Bid for Del Monte

Before you go, we thought you'd like these...
Before you go close icon
Private equity fund Kohlberg Kravis Roberts & Co. is in talks to buy Del Monte Foods Co., (DLM) Reuters reported.

KKR made an offer worth $18.50 a share for Del Monte, Reuters reported without naming its sources. That would value Del Monte, which makes canned food and pet food, at about $3.58 billion.

The deal may be agreed by Dec. 2, when Del Monte is due to report its quarterly earnings.

A Del Monte spokeswoman declined to comment to Reuters.

Other private equity companies, including Apollo, may also be interested in Del Monte.
Read Full Story

Markets

S&P 500 2,241.35 29.12 1.32%
DJIA 19,549.62 297.84 1.55%
NASDAQ 5,393.76 60.76 1.14%
DAX 10,986.69 211.37 1.96%
HANG SENG 22,800.92 125.77 0.55%
NIKKEI 225 18,496.69 136.15 0.74%
USD (per EUR) 1.08 0.00 0.35%
USD (per CHF) 1.01 0.00 -0.29%
JPY (per USD) 113.65 -0.40 -0.35%
GBP (per USD) 1.26 0.00 -0.36%

From Our Partners