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SAN FRANCISCO -- Del Monte Foods Company today reiterated that Fresh Del Monte Produce and Del Monte Foods Company are not affiliated.
"We believe that certain media coverage surrounding legal proceedings related to the sale of Fresh Del Monte Produce could lead to confusion regarding our company. These proceedings relate solely to Fresh Del Monte Produce - a company that has no affiliation with Del Monte Foods Company," said Richard G. Wolford, Chairman and CEO of Del Monte.
Separately, Del Monte Foods Company expects to receive stockholder approval at Del Monte's regular annual meeting, held today in San Francisco, to acquire certain Heinz businesses through a merger of Heinz's U.S. Seafood, North American Pet Food and Pet Snacks, U.S. Private Label Soup, and U.S. Infant Feeding businesses into Del Monte Corporation.
The proposed transaction was originally announced on June 13, 2002, and is expected to close on December 20, 2002.