KKR Reportedly Makes Bid for Del Monte
by
Nov 19th 2010 6:43AM
Updated Nov 19th 2010 6:48AM
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.
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.
