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Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Del Monte Foods Company, in Connection with

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  Published in House and Home on Monday, November 29th 2010 at 16:35 GMT by Market Wire
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BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Del Monte Foods Company (aDel Montea or the aCompanya) (NYSE:DLM) related to the Companya™s agreement to be acquired by funds affiliated with Kohlberg Kravis Roberts & Co. L.P., Vestar Capital Partners and Centerview Partners. The proposed cash transaction is valued at approximately $5.3 billion, including assumed debt.

Under the terms of the definitive agreement entered into by the parties, Del Monte shareholders will receive $19.00 in cash for each share they own of the Companya™s common stock. The transaction is expected to close by the end of March 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Del Montea™s board of directors.

If you are a shareholder of Del Monte, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].