KKR to Acquire Del Monte?

Kohlberg Kravis Roberts is reportedly eyeing Del Monte Foods (NYSE: DLM), a producer of food and pet products. According to the rumors, the firm could pay $18.50 per share for the company, putting the total deal value at $3.6 billion. If the deal goes through, it wouldn't be KKR's first encounter with the company. KKR previously sold off Del Monte, which at the time was a subsidiary of RJR Nabisco, after acquiring its parent company in 1989.