A special meeting to vote on the takeover of Del Monte Foods Co (DLM.N) will likely not take place next week, the Associated Press reported on Friday, citing a judge presiding over a lawsuit by stockholders. The Associated Press said that Vice Chancellor J Travis Laster of the Delaware Court of Chancery said it was 'highly unlikely" the meeting would take place on Tuesday as scheduled. In November, the maker of Meow Mix cat food, Milk-Bone dog biscuits and canned vegetables, agreed to be bought by a consortium led by Kohlberg Kravis Roberts & Co (KKR.N) in a deal worth $4 billion, excluding debt.
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