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Bernstein Liebhard LLP Announces Investigation of Acquisition of Del Monte Foods Company by an Investor Group Led by Funds Affi

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  Published in House and Home on Monday, November 29th 2010 at 7:41 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Bernstein Liebhard LLP is investigating whether the Board of Directors of Del Monte Foods Company (aDel Montea or the aCompanya) (NYSE: DLM) breached its fiduciary duty to its shareholders in agreeing to sell Del Monte to an investor group led by funds affiliated with Kohlberg Kravis Roberts & Co. L.P. (aKKRa), Vestar Capital Partners (aVestara) and Centerview Partners (aCenterviewa).

Under the terms of the agreement, Del Monte shareholders will receive $19.00 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Del Monte shareholders and the process by which the Del Monte Board of Directors considered and approved the transaction.

If you are interested in discussing your rights as a Del Monte shareholder and/or have information relating to the matter, please contact U. Seth Ottensoser at (877) 779-1414 or [ Ottensoser@bernlieb.com ].

Bernstein Liebhard has pursued hundreds of securities, [ consumer ] and shareholder rights cases and recovered almost $3 billion for its clients. It has been named to The National Law Journala™s aPlaintiffsa™ Hot Lista in each of the last eight years.

ATTORNEY ADVERTISING. © 2010 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.