Skip to content
Subscriber Only

Del Monte, Barclays Pay $89.4 Million to Settle Buyout Suits

Del Monte Foods Co. and Barclays Plc agreed to pay $89.4 million to settle investor lawsuits over the buyout of the pet-food maker by a group of private-equity firms led by KKR & Co.

Investors in Del Monte, maker of Meow Mix cat food and Milk Bone dog biscuits, will get at least 30 cents more a share to resolve claims they weren’t paid enough in the $19-a-share buyout, Stuart Grant, a lawyer for the investors, said today in an interview. A Delaware judge must approve the accord before it becomes final.