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Trouble

A Delaware judge has approved an $89.4 million settlement for shareholders of Del Monte, who sued claiming they were slighted in the company’s sale to Kohlberg Kravis Roberts & Co., Reuters reported. Del Monte’s adviser, Barclays, and Del Monte will contribute to the settlement.

The Department of Justice has opened an investigation into the $4 billion takeover of Del Monte Corp. by private equity investors led by Kohlberg Kravis Roberts & Co., according to court papers regarding an investor settlement over the transaction, Reuters reported. The department’s antitrust division has been investigating the facts and circumstances surrounding the sale of Del Monte, Reuters wrote.

Medicis has acquired Graceway Pharmaceuticals. Graceway, a former portfolio company of Chicago-based GTCR, filed for Chapter 11 bankruptcy protection on Sept. 29. Medicis funded the transaction from its existing cash balances.

Sbarro, which is no longer backed by MidOcean Partners, has successfully come out of bankruptcy, peHub reported. The quick service restaurant said it had emerged from Chapter 11 with significantly reduced debt and a $35 million capital infusion.