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Del Monte Pacific buys canned food business for $1.7 billion
date:Oct 12, 2013
ific, which counts the Philippines as its largest market, is 67 percent-owned by NutriAsia Pacific Ltd (NPL). NPL is owned by the NutriAsia group, which is majority-owned by the Campos family of the Philippines.

With Thursday's share surge, the company's stock is up 76 percent so far this year, valuing the firm at S$1.17 billion ($936 million).

Del Monte Pacific said the deal will be largely funded through a combination of $745 million of equity in a new subsidiary created for the acquisition,

12/24 06:50