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

  //house-home.news-articles.net/content/2010/11/3 .. nounces-investigation-of-del-monte-foods-co.html
  Published in House and Home on Tuesday, November 30th 2010 at 17:20 GMT by Market Wire
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BALA CYNWYD, Pa.--([ BUSINESS WIRE ])--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Del Monte Foods Co. (aDel Montea or the aCompanya) (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 biddera™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.