Bernstein Liebhard LLP Announces Investigation of Acquisition of Del Monte Foods Company by an Investor Group Led by Funds Af...
November 29 2010 - 9:33AM
Business Wire
Bernstein Liebhard LLP is investigating whether the Board of
Directors of Del Monte Foods Company (“Del Monte” or the “Company”)
(NYSE: DLM) breached its fiduciary duty to its shareholders in
agreeing to sell Del Monte to an investor group led by funds
affiliated with Kohlberg Kravis Roberts & Co. L.P. (“KKR”),
Vestar Capital Partners (“Vestar”) and Centerview Partners
(“Centerview”).
Under the terms of the agreement, Del Monte shareholders will
receive $19.00 in cash for each share they own. The investigation
is focused on the potential unfairness of the price to Del Monte
shareholders and the process by which the Del Monte Board of
Directors considered and approved the transaction.
If you are interested in discussing your rights as a Del Monte
shareholder and/or have information relating to the matter, please
contact U. Seth Ottensoser at (877) 779-1414 or
Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer
and shareholder rights cases and recovered almost $3 billion for
its clients. It has been named to The National Law Journal’s
“Plaintiffs’ Hot List” in each of the last eight years.
Bernstein Liebhard LLP 10 East 40th Street New York, New York 10016
(877) 779-1414
www.bernlieb.com
ATTORNEY ADVERTISING. © 2010 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New York 10016, (212) 779-1414.
Prior results do not guarantee or predict a similar outcome with
respect to any future matter.
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