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Deals Rumor Mill: KKR, Hulu, TPG

By Karlee Weinmann (July 9, 2013, 5:31 PM EDT) -- Private equity-backed packaged-foods giant Del Monte Foods is fielding offers for its prized canned-foods business as it inches toward a sale that could rake in as much as $1.5 billion, Reuters reported Tuesday. The San Francisco company has drawn interest from Pinnacle Foods Inc. and other strategic suitors as it looks to unwind its canned-foods business in favor of focusing on its pet-food unit. News of a potential divestment has stirred the food industry, even as the process is still in its earliest stages. Del Monte is owned by a private equity consortium including KKR & Co. LP and Centerview Partners....

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