The publicly listed food company Del Monte's U.S. subsidiary has filed for bankruptcy and is currently assessing the financial impact
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Canned food producer Del Monte Foods has filed for bankruptcy in the United States. Its parent company, Del Monte Pacific, stated that operations outside the U.S. are unaffected and is assessing the financial impact. As of the end of January, the parent company had an investment of $579 million and $169 million in receivables. Del Monte has secured approximately $913 million in financing to continue operations, and the bankruptcy restructuring will not affect other subsidiaries, ensuring stable operations in the future
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