Archives for November 30, 2010

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Investment firms agree $5.3bn Del Monte Foods acquisition

By Caroline Scott-Thomas

Kohlberg Kravis Roberts & Co. (KKR), Vestar Capital Partners and Centerview Partners have signed a definitive agreement to acquire Del Monte Foods for $19 a share, or about $5.3bn including debt, Del Monte has said.

Hershey sues Mars over packaging similarities

By Caroline Scott-Thomas

The Hershey Company has sued Mars for allegedly mimicking the packaging design of its Reese’s Peanut Butter Cups by using a similar orange color and pack design for Dove peanut butter milk chocolate Promises.