Del Monte, Barclays Settle Buyout Case For $89M

Law360, New York (October 6, 2011, 1:29 PM EDT) -- In a case that has dramatically altered the corporate buyout market, Barclays Capital and Del Monte Foods Co. on Thursday agreed to pay $89.4 million to shareholders who challenged Barclays' dual role in the sale of the food company to a group of private equity firms.

Under the deal, which requires the approval of Delaware Court of Chancery Vice Chancellor J. Travis Laster, Del Monte agreed to pay $65.7 million and Barclays $23.7 million to investors who were cashed out when a group of private equity...
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