Attached files
Exhibit 99.8
Union Email
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Dear [Union]:
I am pleased to tell you that Del Monte Foods and an investor group led by funds affiliated with Kohlberg Kravis Roberts & Co. L.P. (KKR), Vestar Capital Partners (Vestar) and Centerview Partners (Centerview) collectively the Sponsors announced that they have signed a definitive agreement under which the Sponsors will acquire Del Monte for $19.00 per share in cash. This is a significant development for our Company and I wanted to provide you with some context and perspective.
This transaction will further enable our company to grow and to continue to build on our success. Todays announcement in no way changes your existing relationship with Del Monte and will not impact the terms and conditions of your members employment. It is business as usual. We will continue to focus on the day-to-day operations of the business and maintain the professional relationship you have come to expect. Your current collective bargaining agreement remains intact.
KKR, Vestar and Centerview bring a tremendous amount of in-depth industry knowledge and have operational expertise and an exceptional track record of supporting growth and enhancing value in companies in which they are invested.
We will continue to keep you apprised of any significant developments, as appropriate. As always, I want thank you for your continued support. Should you have any questions please do not hesitate to contact me.
Sincerely,
[Dick Muto]
Additional Information and Where to Find It
In connection with the proposed merger, the Company will prepare a proxy statement to be filed with the SEC. When completed, a definitive proxy statement and a form of proxy will be mailed to the stockholders of the Company. THE COMPANYS SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT REGARDING THE PROPOSED MERGER BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. The Companys stockholders will be able to obtain, without charge, a copy of the proxy statement (when available) and other relevant documents filed with the SEC from the SECs website at http://www.sec.gov. The Companys stockholders will also be able to obtain, without charge, a copy of the proxy statement and other relevant documents (when available) by directing a request by mail or telephone to Del Monte Foods Company, Attn: Corporate Secretary, P.O. Box 193575, San Francisco, California 94119-3575, telephone: (415) 247-3000, or from the Companys website, http://www.delmonte.com.
The Company and its directors and officers may be deemed to be participants in the solicitation of proxies from the Companys stockholders with respect to the proposed merger. Information about the Companys directors and executive officers and their ownership of the Companys common stock is set forth in the proxy statement for the Companys 2010 Annual Meeting of Stockholders, which was filed with the SEC on August 16, 2010. Stockholders may obtain additional information regarding the interests of the Company and its directors and executive officers in the proposed merger, which may be different than those of the Companys stockholders generally, by reading the proxy statement and other relevant documents regarding the proposed merger, when filed with the SEC.