Del Monte Foods Co. Approves Merger With Investor Group

Del Monte Foods Co. stockholders have voted to approve the proposed merger with an affiliate of an investor group led by funds affiliated with Kohlberg Kravis Roberts & Co. L.P., Vestar Capital Partners and Centerview Capital, L.P.

The merger was approved by holders of approximately 149.8 million shares of the Company's outstanding common stock; approximately 1.6 million shares voted against the merger. Of the shares voted, 99 percent were voted in favor of the merger and 1 percent was voted against the merger.

Upon consummation of the merger, Del Monte Foods stockholders will receive $19.00 in cash for each share of Del Monte Foods common stock. The transaction is expected to close this week.