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StarKist talks boost Del Monte

June 21, 2008|From Times Wire Services

Del Monte Foods Co.'s stock rose 5.3% after the firm announced that it was in talks to sell its StarKist seafood division to South Korea's Dongwon Group.

Del Monte said last month that it might sell StarKist because of higher fish costs. The San Francisco company bought StarKist in 2002 as part of a $2.9-billion deal.

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