Barclays and Del Monte to pay $90m to settle deal suit

UK bank and food group settle a case that has raised conflict-of-interest questions about financing practices that had been common across Wall Street

Barclays Capital and Del Monte agreed to pay nearly $90m to settle a case that raised conflict-of-interest questions about financing practices that had been fairly common across Wall Street.

The bank advised Del Monte on its $4bn sale to private-equity firms announced last November, and was one of several banks arranging financing for the buyer group consisting of KKR, Vestar Capital Partners and Centerview Partners.

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