Del Monte Bought Out by KKR

KKR agreed to a $4M buyout of Del Monte yesterday according to the Wall Street Journal.

WSJ writes, "KKR, Vestar Capital Partners and Centerview Partners offered $19 a share in cash for the San Francisco-based maker of pet foods and canned vegetables. The investors also would assume $1.3 billion in Del Monte debt. A sale would continue a run of dealmaking involving food and agribusiness companies."

Del Monte produces canned vegetables and pet foods.