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Del Monte Bought Out By Private Equity (DLM, KKR)
Friday, November 26, 2010 - 12:01pm | 161Del Monte Foods (NYSE: DLM) has agreed to be bought out by a consortium of private equity firms led by Kohlberg Kravis Roberts & Co. (NYSE:KKR). Vestar Capital Partners and Centerview Partners will also be participating in the deal which values the company at $19 per share. Under the terms of...
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Company News for November 26, 2010 - Corporate Summary
Friday, November 26, 2010 - 10:30am | 407• Boeing (NYSE: BA) announced plans for "minor design changes" to the electrical system of its troubled 787 Dreamliner, with another delivery schedule expected out in the next few weeks • A buyout group led by KKR (NYSE:KKR) agreed to acquire Del Monte Foods (NYSE: DLM) for $19 per share, valuing...
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Deutsche Bank Downgrades Del Monte Foods To Hold
Friday, November 26, 2010 - 10:29am | 168Deutsche Bank has published a research report on Del Monte Foods (NYSE: DLM) after the company announced its buyout by KKR & Co. (NYSE: KKR) Vestar, and Centerview for $19/share and has downgraded the company from Buy to Hold. In the report, Deutsche Bank writes "We aren't too surprised at the...
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KKR to Buy Del Monte Foods for $4 Billion (DLM, KKR)
Friday, November 26, 2010 - 10:20am | 67KKR & Co. (NYSE: KKR) announced this morning that it has agreed to acquire Del Monte Foods (NYSE: DLM) for $4 billion in cash. The deal is valued at roughly $19.00 per share, which is 21% higher than the pre-chatter stock price. KKR & Co. will also assume DLM's $1.3 billion in debt. Del...
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Del Monte Goes Private
Friday, November 26, 2010 - 8:25am | 55Del Monte Foods Company (NYSE: DLM) has agreed to be purchased by KKR, Vestar Capital Partners and Centerview Partners for $19 per share in cash. Shares of DLM are up 81 cents in pre-market trading to $18.80.
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Del Monte to be Acquired - Analyst Blog
Friday, November 26, 2010 - 8:11am | 347Del Monte Foods Company (DLM) has agreed to be acquired by a consortium formed by pooling funds from Kohlberg Kravis Roberts & Co. (KKR), Vestar Capital Partners and Centerview Partners. Per the agreement signed, the consortium will acquire Del Monte for $5.3 billion or $19.00 per share in...
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Company News for November 26, 2010 - Corporate Summary
Friday, November 26, 2010 - 5:10am | 422• Boeing (NYSE: BA) announced plans for "minor design changes" to the electrical system of its troubled 787 Dreamliner, with another delivery schedule expected out in the next few weeks • A buyout group led by KKR (NYSE:KKR) agreed to acquire Del Monte Foods (NYSE: DLM) for $19 per share, valuing...
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ConAgra Attempts to Enhance Volume - Analyst Blog
Wednesday, November 24, 2010 - 6:34pm | 481Leading food maker ConAgra Foods Inc.'s (CAG) Peter Pan peanut butter brand partners with M&M'S Holiday Milk Chocolate Candies in order to enhance the company's sales volume in the holiday season. Early this month, ConAgra inaugurated its Lamb Weston's new state-of-the art, sweet potato...
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CZZ Invests for Ethanol Growth - Analyst Blog
Wednesday, November 24, 2010 - 4:30pm | 482Cosan S.A. Indústria e Comércio (Cosan S.A.) announced its plans for formation of a company in association with Petróleo Brasileiro S.A. (Petrobras), Camargo Correa Óleo e Gás S.A. (Camargo Corrêa); Copersucar S.A. (Copersucar); Odebrecht Transport Participações S.A. (OTP) and Uniduto Logística S...
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ConAgra Attempts to Enhance Volume - Analyst Blog
Wednesday, November 24, 2010 - 1:09pm | 481Leading food maker ConAgra Foods Inc.'s (CAG) Peter Pan peanut butter brand partners with M&M'S Holiday Milk Chocolate Candies in order to enhance the company's sales volume in the holiday season. Early this month, ConAgra inaugurated its Lamb Weston's new state-of-the art, sweet potato...
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Calls Purchased on Sara Lee Corporation (SLE)
Wednesday, November 24, 2010 - 12:32pm | 161Shares of Sara Lee Corporation (NYSE: SLE) are higher on the session by 1.59%, currently trading at $15.30. The stock had been moving largely higher over the past two months after testing the 200-day moving average. SLE is currently consolidating higher, above the 50-day and 200-day moving averages...
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CZZ Invests for Ethanol Growth - Analyst Blog
Wednesday, November 24, 2010 - 11:17am | 482Cosan S.A. Indústria e Comércio (Cosan S.A.) announced its plans for formation of a company in association with Petróleo Brasileiro S.A. (Petrobras), Camargo Correa Óleo e Gás S.A. (Camargo Corrêa); Copersucar S.A. (Copersucar); Odebrecht Transport Participações S.A. (OTP) and Uniduto Logística S...
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EPD and EPE Wrap up Merger - Analyst Blog
Wednesday, November 24, 2010 - 11:06am | 582One of the nation's biggest pipeline operators, Enterprise Products Partners L.P. (EPD) and Enterprise GP Holdings LP (“EPE”) have completed a unit-based merger. Enterprise GP is now a subsidiary of Enterprise Products. Per the agreement, for every 1 unit, EPE unitholders will receive 1.5 units...
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Benzinga's Top Upgrades (SEP, SNPS, JEC, HRL)
Wednesday, November 24, 2010 - 10:05am | 148Spectra Energy Partners (NYSE: SEP) was upgraded by UBS from "sell" to "neutral." SEP's shares closed at $33.68 yesterday. Shares of Spectra Energy Partners have gained 19.99% year-to-date. Analysts at JP Morgan upgrade Synopsys Inc (NASDAQ: SNPS) from "neutral" to "overweight." SNPS' shares closed...
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Goldman Sachs Raises Estimates on Hormel Foods (HRL)
Wednesday, November 24, 2010 - 9:56am | 175Goldman Sachs is raising its EPS guidance on Hormel Foods (NYSE: HRL) following HRL reporting 4Q2010 EPS of $0.78, $0.12 above GS's estimate. In a note to clients, Goldman Sachs writes, "We are raising estimates to $3.20 for 2011, $3.45 for 2012, and $3.70 for 2013 (from $2.95, $3.21, and $3.45) to...