Law Office of Brodsky & Smith, LLC Announces Investigation of Del Monte Foods Co.
01 Décembre 2010 - 1:04AM
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. (“Del Monte” or the “Company”) (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 bidder’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.
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