Law Office of Jonathan M. Stein, P.L. Investigates Possible Breach of Fiduciary Duty by the Board of Del Monte Foods Company

The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of Del Monte Foods Company ("Del Monte" or the "Company") (NYSE: DLM) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to an investor group led by funds affiliated with Kohlberg Kravis Roberts & Co. L.P. (“KKR”), Vestar Capital Partners (“Vestar”) and Centerview Partners (“Centerview”). Under the terms of the proposed transaction, Del Monte shareholders are to receive $19.00 in cash for each share they own, for a total transaction value of approximately $5.3 billion, including the assumption of approximately $1.3 billion in net debt.

The investigation involves whether the Board of Directors of Del Monte breached their fiduciary duties to Del Monte stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether Del Monte has disclosed all material information to shareholders about the proposed transaction. According to Yahoo Finance, one analyst who follows the Company has set a target price at $22.00 per share.

If you own stock in Del Monte and wish to obtain additional information about your rights, or if you have information regarding the above investigation, please contact Jonathan M. Stein, Esq. either via email at [e-mail] or by telephone at [phone].

The Law Office of Jonathan M. Stein, P.L. represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, www.jonathansteinlaw.com, and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.

    
      
        
          Jonathan M. Stein, Esq.
        
      
      
        
          Law Office of Jonathan M. Stein, P.L.
        
      
      
        
          120 E. Palmetto Park Rd., Suite 420
        
      
      
        
          Boca Raton, FL 33432
        
      
      
        
          [phone]
        
      
      
        
          

[e-mail]

www.jonathansteinlaw.com