Del Monte Foods to Adjourn Special Shareholder Meeting to Vote on Acquisition by KKR, Vestar and Centerview
February 14 2011 - 10:02PM
Business Wire
Del Monte Foods Company (NYSE: DLM) today announced that it will
adjourn its previously scheduled February 15th shareholder meeting
to vote on the acquisition by funds affiliated with Kohlberg Kravis
Roberts & Co. L.P., Vestar Capital Partners and Centerview
Capital L.P. until March 7, 2011, as required by the Delaware
Chancery Court.
About Del Monte Foods
Del Monte Foods is one of the country’s largest and most
well-known producers, distributors and marketers of premium
quality, branded pet products and food products for the U.S. retail
market, generating approximately $3.7 billion in net sales in
fiscal 2010. With a powerful portfolio of brands, Del Monte
products are found in eight out of ten U.S. households. Pet food
and pet snacks brands include Meow Mix®, Kibbles 'n Bits®,
Milk-Bone®, 9Lives®, Pup-Peroni®, Gravy Train®, Nature’s Recipe®,
Canine Carry-Outs ® and other brand names. Food product brands
include Del Monte®, Contadina®, S&W®, College Inn® and other
brand names. The Company also produces and distributes private
label pet products and food products. For more information on Del
Monte Foods Company (NYSE: DLM) visit the Company’s website at
www.delmonte.com.
Del Monte. Nourishing Families. Enriching Lives. Every
Day.TM
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements.
Statements that are not historical facts, including statements
about beliefs or expectations, are forward-looking statements.
These statements are based on plans, estimates and projections at
the time Del Monte Foods Company makes the statements and readers
should not place undue reliance on them. In some cases, readers can
identify forward-looking statements by the use of forward-looking
terms such as “may,” “will,” “should, “expect,” “intend,” “plan,”
“anticipate,” “believe,” “estimate,” “predict,” “potential,” or
“continue” or the negative of these terms or other comparable
terms. Forward-looking statements involve inherent risks and
uncertainties and the Company cautions readers that a number of
important factors could cause actual results to differ materially
from those contained in any such forward-looking statement. Factors
that could cause actual results to differ materially from those
described in this press release include, among others:
uncertainties as to the timing of the acquisition; the possibility
that competing offers will be made; the possibility that various
closing conditions for the acquisition may not be satisfied or
waived; general economic and business conditions; and other
factors. Readers are cautioned not to place undue reliance on the
forward-looking statements included in this press release, which
speak only as of the date hereof. The Company does not undertake to
update any of these statements in light of new information or
future events.
Del Monte (NYSE:DLM)
Historical Stock Chart
From May 2024 to Jun 2024
Del Monte (NYSE:DLM)
Historical Stock Chart
From Jun 2023 to Jun 2024
