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DLM Del Monte Foods Co.

18.99
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Del Monte Foods Co. NYSE:DLM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 18.99 0 01:00:00

Law Office of Brodsky & Smith, LLC Announces Investigation of Del Monte Foods Co.

01/12/2010 12:04am

Business Wire


Del Monte (NYSE:DLM)
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From Jul 2019 to Jul 2024

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Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Del Monte Foods Co. (“Del Monte” or the “Company”) (NYSE: DLM) relating to the proposed acquisition by Kohlberg Kravis Roberts, Vestar Capital Partners and Centerview Partners.

Under the terms of the transaction, Del Monte shareholders would receive $19.00 per share in cash for each of Del Monte stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law. The transaction appears to be unfair, in part, given that an analyst set a price target for Del Monte at $22.00 per share and Del Monte may have to pay a $60 million termination fee if it accepts another bidder’s offer.

If you own shares of Del Monte and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, visiting http://brodsky-smith.com/248-dlm-del-monte-foods-co.html, or by calling toll free 877-LEGAL-90.

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