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Atlantic Investment buys 798,600 shares of Del Monte Foods
By Lisa Kerner
Charlotte, N.C., June 12 - Atlantic Investment Management Inc. reported the purchase of 798,600 shares of Del Monte Foods Co. in a schedule 13D filed with the Securities and Exchange Commission.
The shares were acquired between April 30 and June 10 priced from $7.87 to $9.46.
According to the filing, the investor will continue its active discussions with Del Monte Foods' management with regards to maximizing shareholder value.
Atlantic Investment may hold discussions with other parties who might engage in shareholder value-enhancing activities, the filing said.
The investor beneficially owns 12,912,000 shares, or 6.5%, of the San Francisco-based food company.
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