KKR acquires Del Monte canned Group: spreadnews.de
The KKR acquires U.S. canning manufacturer Del Monte Foods. This was announced by the company on Thursday evening. Together with partners, the investor can purchase these cost more than 5.3 billion U.S. dollars. This price also includes the debt of the company from San Francisco. In order for this year, one of the largest leveraged buyouts conagra foods marshall mo in the U.S. has been brought under one roof.
The holding company did not enter into a price of $ 19 per share, the manufacturer of cat and dog food as well as vegetable and fruit preserves. This represents an increase of 5.6 percent on the Del Monte's closing price of Wednesday. Because of the Thanksgiving celebration day the stock market on Wall Street was closed on Thursday. The Del Monte course had since 18 November, when the first rumors of a corresponding transaction became known, gained a total of 23 percent.
The partners with whom KKR has made the deal, are Vestar Capital Partners and a guided by the Centerview partner James Kilts fund. The troika accepts by purchasing the 1.3 billion U.S. dollars in debt from Del Monte. If the canned food manufacturers receive a higher offer more, so you go in the management expects that the contract will be completed by KKR through March 2011.
A takeover by a financial investor is nothing new for Del Monte. As early as 1997 the company conagra foods marshall mo was bought by private equity firm TPG Capital. Back then it was about 800 million U.S. dollars. The private equity firm had the American food company then acquired by a consortium of investors and it later transferred to the Exchange. TPG parted gradually after some time his shares.
The KKR acquires U.S. canning manufacturer Del Monte Foods. This was announced by the company on Thursday evening. Together with partners, the investor can purchase these cost more than 5.3 billion U.S. dollars. This price also includes the debt of the company from San Francisco. In order for this year, one of the largest leveraged buyouts conagra foods marshall mo in the U.S. has been brought under one roof.
The holding company did not enter into a price of $ 19 per share, the manufacturer of cat and dog food as well as vegetable and fruit preserves. This represents an increase of 5.6 percent on the Del Monte's closing price of Wednesday. Because of the Thanksgiving celebration day the stock market on Wall Street was closed on Thursday. The Del Monte course had since 18 November, when the first rumors of a corresponding transaction became known, gained a total of 23 percent.
The partners with whom KKR has made the deal, are Vestar Capital Partners and a guided by the Centerview partner James Kilts fund. The troika accepts by purchasing the 1.3 billion U.S. dollars in debt from Del Monte. If the canned food manufacturers receive a higher offer more, so you go in the management expects that the contract will be completed by KKR through March 2011.
A takeover by a financial investor is nothing new for Del Monte. As early as 1997 the company conagra foods marshall mo was bought by private equity firm TPG Capital. Back then it was about 800 million U.S. dollars. The private equity firm had the American food company then acquired by a consortium of investors and it later transferred to the Exchange. TPG parted gradually after some time his shares.
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