KKR Reportedly Makes Bid for Del Monte

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

DJIA 24,886.81 52.40 0.21%
NASDAQ 7,425.96 47.50 0.64%
NIKKEI 225 22,689.74 -270.60 -1.18%
HANG SENG 30,665.64 -568.71 -1.82%
DAX 12,976.84 -193.08 -1.47%
USD (per EUR) 1.17 -0.01 -0.76%
USD (per CHF) 1.00 0.00 0.38%
JPY (per USD) 110.02 -0.71 -0.64%
GBP (per USD) 1.34 -0.01 -0.66%