A judge has postponed a $5.3 billion deal between Del Monte Foods and KKR and suggested adviser, Barclays, engaged in misconduct, Bloomberg reports. The San Francisco-based food products maker has appointed Perella Weinberg to seek alternative acquisition bids. The move comes after Barclays, which was appointed to handle the original auction, entered in a conflict of interest as it also helped finance the KKR-led group’s offer. A buyout will provide New York-based KKR access to Del Monte’s pet-food business.
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