SAN FRANCISCO (Business Wire) -- Del Monte Foods Company (NYSE: DLM) today announced that its stockholders have voted to approve the proposed merger with an affiliate of an investor group led by funds affiliated with Kohlberg Kravis Roberts & Co. L.P., Vestar Capital Partners and Centerview Capital, L.P.
The merger was approved by holders of approximately 149.8 million shares
of the Company's outstanding common stock; approximately 1.6 million
shares voted against the merger. Of the shares voted, 99% were voted in
favor of the merger and 1% was voted against the merger.
Upon consummation of the merger, Del Monte Foods stockholders will
receive $19.00 in cash for each share of Del Monte Foods common stock.
The transaction is expected to close this week.
About Del Monte Foods
Del Monte Foods is one of the country's largest and most well-known
producers, distributors and marketers of premium quality, branded pet
products and food products for the U.S. retail market, generating
approximately $3.7 billion in net sales in fiscal 2010. With a powerful
portfolio of brands, Del Monte products are found in eight out of ten
U.S. households. Pet food and pet snacks brands include Meow Mix(R),
Kibbles 'n Bits(R), Milk-Bone(R), 9Lives(R), Pup-Peroni(R),
Gravy Train(R), Nature's Recipe(R), Canine Carry Outs(R) and other brand names. Food product brands include Del Monte(R), Contadina(R),
S&W(R), College Inn(R) and other brand names. The Company also produces and distributes private label pet products and food products. Del Monte Foods (NYSE: DLM).
Del Monte. Nourishing Families. Enriching Lives. Every Day.TM
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