AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Del Monte Foods, Delphi Automotive Systems Offer Stock to Public.
Knight Ridder/Tribune Business News
Feb. 6 -- It's been a good week for initial public offerings, and Fort Worth-based TPG Partners joined the activity yesterday when its Del Monte Foods Co. sold 16.7 million shares to raise $250 million.
Yesterday also saw the first day of trading for Delphi Automotive Systems Corp., a General Motors spinoff and the seventh-largest IPO in U.S. history. Delphi, the world's biggest auto parts maker, issued 100 million shares at $17 each to raise $1.7 billion.
They follow Perot Systems' spectacularly successful IPO on Tuesday, which as of yesterday was up 412 percent from its $16 issue price. It closed yesterday at $66, down 6 cents from Thursday, when it spiked as high as $85.75 before falling back.
Del Monte and Delphi couldn't match that.
Del Monte, ticker symbol DLM on the New York Stock Exchange, rose 3 percent from its $15 issue price to close at $15.50. Delphi, ticker symbol DPH on the NYSE, revved to a 9.6 percent gain, closing at $18.63 a share.
TPG's parent, Texas Pacific Group, is headed by David Bonderman, former investment adviser to Fort Worth's Robert M. Bass. TPG acquired Del Monte Foods in 1997 for $809 million, including $161 million in cash from TPG and its investors, according to government filings. The investors got back an unreported amount a year ago when they sold preferred shares with a face value of $35 million and paying 14 percent interest annually.
- Del Monte Foods is 'Enriching Lives With Light' via 1.9-Megawatt SunPower Solar...
- Press release article from: PR Newswire April 17, 2009 700+ words
...PRNewswire-FirstCall/ -- Del Monte Foods and SunPower Corp. will dedicate...to the grocery shelf," said Del Monte Foods Chairman and CEO Rick Wolford...gases in our atmosphere." "Del Monte Foods is committed to utilizing innovative...
- Del Monte Foods Selects CAS After Intense Competitive Review.
- Press release article from: Business Wire May 8, 2001 700+ words
...Consumer Products industry, today announced that Del Monte Foods Company (NYSE: DLM), the largest U.S. producer...U.S. headquarters at 770-399-8000. About Del Monte Del Monte Foods Company, with net sales of $1.5 billion in fiscal...
- Del Monte Foods Company Reiterates That It Has No Affiliation with Fresh Del...
- Press release article from: Business Wire December 19, 2002 700+ words
...BUSINESS WIRE)--Dec. 19, 2002 Del Monte Foods Company (NYSE: DLM) today...Monte Produce (NYSE: FDP) and Del Monte Foods Company are not affiliated...that has no affiliation with Del Monte Foods Company," said Richard G...
- Fresh Del Monte Produce to Acquire Del Monte Foods Europe.
- Press release article from: Business Wire July 15, 2004 700+ words
...and shareholdings that comprise Del Monte Foods Europe, including its operations...Del Monte's acquisition of Del Monte Foods Europe, a vertically integrated...Europe and other key markets. Del Monte Foods Europe's beverages and deciduous...
- Fresh Del Monte Produce Completes Acquisition of Del Monte Foods Europe;...
- Press release article from: Business Wire October 1, 2004 700+ words
...completed its acquisition of Del Monte Foods Europe. Fresh Del Monte had...2004. Fresh Del Monte acquired Del Monte Foods Europe for approximately $340...Company's credit facility. Del Monte Foods Europe is a vertically integrated...
- DEL MONTE FOODS ANNOUNCES PLANS TO BUILD DISTRIBUTION CENTER IN BIRMINGHAM
- Press release article from: PR Newswire February 18, 1992 700+ words
DEL MONTE FOODS ANNOUNCES PLANS TO BUILD DISTRIBUTION...FRANCISCO, Feb. 18 /PRNewswire/ -- Del Monte Foods announced today that it will build...exception of Florida. Dee Ann Campbell, Del Monte Foods vice president of corporate communications...
- DEL MONTE FOODS COMPANY NAMES BRIAN HAYCOX AND PAUL MULLAN AS CO-CHAIRMEN AND...
- Press release article from: PR Newswire December 12, 1995 700+ words
...Dec. 12 /PRNewswire/ -- Del Monte Foods Company today announced that...Haycox and Mullan concluded. Del Monte Foods Company is one of the world...of Del Monte Fresh Produce, Del Monte Foods Europe or Del Monte Far East...
- Del Monte Foods Announces Term Loan Borrowing to Reduce Revolving Loans.
- Press release article from: Business Wire August 15, 2006 700+ words
SAN FRANCISCO -- Del Monte Foods Company (NYSE: DLM) today announced that Del...administrative agent for the Del Monte credit facility. Del Monte Foods Del Monte Foods is one of the country's largest and most well...
- Del Monte sells.(In 60 seconds)(Del Monte Foods Co. acquires Dongwon Industries...
- Magazine article from: Feedstuffs October 13, 2008 700+ words
Del Monte sells: Del Monte Foods Co. announced last week that it completed the sale of its seafood...including StarKist tuna, to Dongwon Industries Ltd. in South Korea. Del Monte said the deal "eliminates a source of earnings volatility" and...
- Del Monte Foods recibe una oferta de compra de un grupo de Texas.(Negocios)
- Newspaper article from: El Norte (México D.F., México) February 28, 1997 700+ words
...empresas, ha llegado a un acuerdo para adquirir Del Monte Foods Co., productor de frutas y verduras enlatadas...tiene ninguna relacin con Del Monte Far East, Del Monte Foods Europe o Del Monte Fresh Produce.
Source: HighBeam Research, Del Monte Foods, Delphi Automotive Systems Offer Stock to Public.