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Article: Del Monte Foods Company Completes Sale of Seafood Business, Including StarKist, to Dongwon.
- Article from:
- Business Wire
- Article date:
- October 6, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO -- Del Monte Foods Company (NYSE:DLM) ("Del Monte") announced today that Del Monte Corporation, its wholly-owned subsidiary, has completed the sale of its seafood business, including StarKist, to Dongwon Industries Co., Ltd. ("Dongwon Industries") and its subsidiaries (collectively, "Dongwon") for approximately $359 million, including an adjustment for the preliminary estimate of working capital which will be updated once the final working capital is determined. The sale was completed pursuant to the previously announced Purchase Agreement among Del Monte Corporation, Dongwon Enterprise Co., Ltd., Dongwon Industries, Dongwon F&B Co., Ltd., and certain direct ...
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Article: Dongwon completes acquisition of Del Monte's ...
YON - Yonhap News Agency of Korea;
October 8, 2008 ;
688 words
... ... takeover of the StarKist division of Del Monte Foods Co. for US$359 million ... Dongwon's affiliates include Dongwon Industries Co., the world's biggest ... StarKist, which was sold as part of Del Monte's restructuring steps, controls ...
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