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.

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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).

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