Del Monte Foods to Adjourn Special Shareholder Meeting to Vote on Acquisition by KKR, Vestar and Centerview
Meeting Rescheduled for March 7, 2011
SAN FRANCISCO, Feb 14, 2011 (BUSINESS WIRE) -- Del Monte Foods Company (NYSE: DLM) today announced that it will adjourn its previously scheduled February 15th shareholder meeting to vote on the acquisition by funds affiliated with Kohlberg Kravis Roberts & Co. L.P., Vestar Capital Partners and Centerview Capital L.P. until March 7, 2011, as required by the Delaware Chancery Court.
About Del Monte Foods
Del Monte Foods is one of the country's largest and most well-known producers, distributors and marketers of premium quality, branded pet products and food products for the U.S. retail market, generating approximately $3.7 billion in net sales in fiscal 2010. With a powerful portfolio of brands, Del Monte products are found in eight out of ten U.S. households. Pet food and pet snacks brands include Meow Mix(R), Kibbles 'n Bits(R), Milk-Bone(R), 9Lives(R),Pup-Peroni(R), Gravy Train(R), Nature's Recipe(R), Canine Carry-Outs (R) and other brand names. Food product brands include Del Monte(R), Contadina(R), S&W(R), College Inn(R)and other brand names. The Company also produces and distributes private label pet products and food products. For more information on Del Monte Foods Company (NYSE: DLM) visit the Company's website at www.delmonte.com.
Del Monte. Nourishing Families. Enriching Lives. Every Day.TM
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements. Statements that are not historical facts, including statements about beliefs or expectations, are forward-looking statements. These statements are based on plans, estimates and projections at the time Del Monte Foods Company makes the statements and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use of forward-looking terms such as "may," "will," "should, "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential," or "continue" or the negative of these terms or other comparable terms. Forward-looking statements involve inherent risks and uncertainties and the Company cautions readers that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statement. Factors that could cause actual results to differ materially from those described in this press release include, among others: uncertainties as to the timing of the acquisition; the possibility that competing offers will be made; the possibility that various closing conditions for the acquisition may not be satisfied or waived; general economic and business conditions; and other factors. Readers are cautioned not to place undue reliance on the forward-looking statements included in this press release, which speak only as of the date hereof. The Company does not undertake to update any of these statements in light of new information or future events.
SOURCE: Del Monte Foods Company
For Del Monte
Media:
Sard Verbinnen
Brandy Bergman/Robin Weinberg, 212-687-8080
or
Analyst/Investor:
Del Monte Foods
Jennifer Garrison/Christina Um, 415-247-3382
investor.relations@delmonte.com
