A Delaware judge delays the $4B sale of Del Monte Foods (DLM +0.3%) for 20 days to re-open an...

|About: Del Monte Foods Co. (DLM)|By:, SA News Editor

A Delaware judge delays the $4B sale of Del Monte Foods (DLM +0.3%) for 20 days to re-open an auction, sharply criticizing the role of Barclays Capital in “secretly and selfishly manipulated the sale process” to land lucrative financing fees. The ruling challenges the "wink-wink, nudge-nudge, too cozy relationship" between buyout firms and their investment bankers.