A Delaware judge put a 20-day delay on the shareholder vote for Del Monte Foods Co's (DLM.N) takeover by a consortium led by Kohlberg Kravis Roberts & Co (KKR.N). The judge also criticized Barclays Capital, which was not a defendant in the case, for its role in advising Del Monte while also providing funding to the buyers. In the decision, which was issued late on Monday, Vice-Chancellor J. Travis Laster of Delaware Chancery Court also enjoined the food company and private equity buyers from enforcing the merger agreement's no-shop agreement. A no-shop agreement prevents Del Monte from soliciting other buyout offers.
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