1 October 2007
United States Del Monte Foods Co. can buy back up to $200 million worth of its stock over the next three years under a deal authorized by its board of directors.
The San Francisco Company (NYSE: DLM) sells food like StarKist tuna as well as cat and dog food under the Meow Mix and Milk-Bone brands.
Del Monte has about 202.5 million shares outstanding. It had $3.4 billion in annual sales in its most recent fiscal year and is led by CEO and Chairman Richard Wolford.
