canned food

Private-Equity Investors to Buy Del Monte for $4 Billion

Less than a week after reports that Kohlberg Kravis Roberts was in talks to buy Del Monte, the food producer says it is indeed being bought by a group of private-equity investors led by KKR. It joins a crop of other companies that have been taken private this year.

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.

FDA sued over lack of action on BPA

Soda canA leading environmental group has sued the Food and Drug Administration for dragging its feet on its request 20 months ago to ban the use of...