Poll Results: 55% Think Del Monte Should Go Up for Sale Again
And the results are in! Yesterday, we asked you whether Del Monte should go up for sale again. The poll follows a Delaware judge's decision to delay a shareholder vote on the sale of the company to a KKR-led group. The judge was highly critical of Barclay’s handling of the sale (Barclays wasn’t named as a defendant, but it did advise Del Monte on the sale, provided debt financing for the buyers and ran the go-shop). The ruling has become the talk of Wall Street with Barclays's rivals taking swipes at the IB, although they do the same thing and often play both sides of a deal. So we had to ask: should Del Monte go up for sale again? As of midnight Thursday, you’re split on this. A little more than half, 55%, do think Del Monte should be reshopped. But 45% think the company shouldn’t be.
