UPDATE: US: Del Monte "agrees US$5bn sale" to private-equity firms
Del Monte Foods has reportedly agreed to a US$5bn takeover bid from a private-equity consortium led by KKR.
A report on the New York Times website said today (25 November) that KKR, Vestar Capital Partners and Centerview Partners had struck a deal worth $5bn, including debt. An announcement could be made as soon as today, the report said.
The New York Times report followed claims from Reuters and Bloomberg that the two sides were close to a deal.
Officials at Del Monte Foods could not be reached for comment. The company is due to report its second-quarter results next Thursday (2 December).
Companies: Del Monte Foods
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