Di Giorgio Ends Battle With Suitor, Agrees to Takeover
From United Press International
SAN FRANCISCO —
Di Giorgio Corp. said Tuesday that it has agreed to be acquired by a company headed by New Jersey investor Arthur M. Goldberg for $30 a share, or about $155 million, ending a six-month struggle for control of the food distribution and building material company.
Di Giorgio, based in San Francisco, said it had been unable to find another bidder who could top the offer from DIG Acquisition Corp., which is owned by Goldberg’s Rose Partners partnership.
