Packaging
Del Monte Foods Stockholders Approve Merger Agreement
Tuesday 08. March 2011 - 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 Companys 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.