Del Monte Pacific Board Opts Out of U.S. Litigation Settlement Support

An update from Del Monte Pacific ( (SG:D03) ) is now available.

Del Monte Pacific Limited’s Board has decided not to provide financial support to its U.S. subsidiaries for a litigation settlement, following the dismissal of the case by the Delaware Court of Chancery. This decision was made after considering the company’s financial health, macroeconomic conditions, and the operational needs of its Philippine subsidiary, ensuring that shareholder interests are safeguarded without disrupting business operations.

More about Del Monte Pacific

Del Monte Pacific Limited is a company incorporated in the British Virgin Islands, operating in the food industry. It is primarily involved in the production and distribution of food products, with a market focus that includes its U.S. subsidiaries and operations in the Philippines through Del Monte Philippines, Inc.

YTD Price Performance: -12.50%

Average Trading Volume: 95,554

Technical Sentiment Signal: Buy

Current Market Cap: S$136.1M

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