Advertisement

Del Monte May Be Sold: RJR Nabisco...

Del Monte May Be Sold: RJR Nabisco Inc. said it has retained the investment banking firm of Goldman, Sachs & Co. to study the possible sale of food maker Del Monte and consider other options but has not yet decided whether to sell the food subsidiary. A Wall Street Journal story said the sale of the Coral Gables, Fla., firm could bring $3 billion, which could be used to reduce Kohlberg Kravis Roberts & Co.'s debt. KKR bought RJR in February, and KKR executives previously had said they planned to sell $6 billion in RJR food assets.


Advertisement