OTHER NEWS - June 1, 1992
From Times Staff and Wire Reports
Del Monte Offer Reported Near: Del Monte Foods, the century-old food-processing company that has had two owners in as many years, may be sold again. Italian financier Sergio Cragnotti is said to be considering a cash offer of $300 million and would also assume about $500 million of the company’s debt, the San Francisco Chronicle reported. The paper quoted a source familiar with Del Monte as saying that negotiations are underway and a public stock offering might be made.
