Del Monte Foods (DLM) Confirms It is Exploring Strategic Alternatives for StarKist Seafood
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In response to published reports, Del Monte Foods Company (NYSE: DLM) confirms that it is exploring strategic alternatives for the Company's seafood business, including a potential sale of the business.
In making this announcement, the Company advises that there can be no assurance that the exploration of strategic alternatives will result in a transaction and that the Board of Directors has not approved a transaction at this time. The Company does not intend to disclose developments with respect to the exploration of strategic alternatives unless and until its Board of Directors deems it appropriate.
Del Monte Foods is one of the country's largest and most well known producers, distributors and marketers of premium quality, branded food and pet products for the U.S. retail market.
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