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Stock impact report

Iconic Del Monte brand comes back together after bankruptcy [Yahoo! Finance]

Fresh Del Monte Produce, Inc. (FDP) 
Last fresh del monte produce, inc. earnings: 5/2 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
But behind that familiar tomato-shaped emblem lies a decades-long corporate split that has left the name scattered across different owners and product lines, depending on what you are buying. After Del Monte Foods landed in bankruptcy and its businesses started getting carved up, one buyer has stepped up to stitch a big piece of that story back together. This means the company's long-split brand is coming back under one owner. Although the bankruptcy auction process involved multiple bidders overall, Fresh Del Monte Produce emerged as the successful buyer. Fresh Del Monte, which split from the original Del Monte Corporation in 1989 when its fresh produce division was divested (leaving the canned and shelf-stable foods business as today's Del Monte Foods), agreed to acquire a large portion of Del Monte Foods for $285 million, essentially reuniting much of the Del Monte name under one owner for the first time in nearly 40 years. The deal gives Fresh Del Monte control of Del Mont Show less Read more
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