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

A 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...