Staying Informed

Fitch: No Immediate Rating Action from Del Monte's Announced Sale of its Consumer Business

CHICAGO--(BUSINESS WIRE)--According to Fitch Ratings, there is no immediate change to Del Monte Corporation's (DMC) ratings based on DMC's divestiture announcement. On Oct. 10, 2013, DMC announced a definitive agreement to sell its Consumer Products business, including Del Monte brand rights in the United States and South America, to Del Monte Pacific Limited (DMPL) for US$1.675 billion. The ...

 

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