Del Monte Foods Co. stockholders have voted to approve the proposed merger with an affiliate of an investor group led by funds affiliated with Kohlberg Kravis Roberts & Co. L.P., Vestar Capital Partners and Centerview Capital, L.P.
The merger was approved by holders of approximately 149.8 million shares of the Company's outstanding common stock; approximately 1.6 million shares voted against the merger. Of the shares voted, 99 percent were voted in favor of the merger and 1 percent was voted against the merger.
Upon consummation of the merger, Del Monte Foods stockholders will receive $19.00 in cash for each share of Del Monte Foods common stock. The transaction is expected to close this week.
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