KKR-Led Group Agrees to Buy Del Monte Foods

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Nov. 26 (Bloomberg) -- A KKR & Co.-led group agreed to acquire Del Monte Foods Co. in a $4 billion transaction that will give the New York buyout firm pet-food brands such as Meow Mix and Kibbles ‘n Bits. KKR, Vestar Capital Partners and Centerview Partners will pay $19 a share in cash and assume about $1.3 billion in net debt. Bloomberg's Jon Erlichman reports. (Source: Bloomberg)

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