date:Nov 08, 2013
and other goodies. Investors are expected to commit to the deal by November 18.
DMPL expects to borrow $76 million of the asset-based facility at closing of the purchase.
DMPL, unaffiliated with DMF, is a publicly traded company listed in Singapore and the Philippines. DMF is a privately owned U.S. manufacturer of processed foods.
Following the spin-off of its canned food business, DMF will focus on its pet food business under a new name.
The acquisition, announced in October, is expected t