Del Monte deal

A group led by KKR agreed to acquire Del Monte Foods in a $4 bil lion transaction that gives the New York buyout firm pet-food brands such as Meow Mix and Kibbles ‘n Bits. KKR, Vestar Capital Partners and Centerview Partners will pay $19 a share in cash, San Fran cisco-based Del Monte said yesterday.

Euro safe

The size of a rescue fund to support the euro — roughly $1.24 trillion — is sufficient and euro zone members will not let the currency fail, Eu ropean Central Bank Governing Council member Axel Weber said yesterday.

Anglo Irish

Anglo Irish Bank Chairman Alan Dukes said the nationalized lender lost $16.1 billion of deposits this year, adding to evidence of an outflow of funds from the country’s fin ancial system.

Rare earths

South Korea and Japan agreed to cooperate on mining rare earths and developing processing technologies as they seek to ensure supplies of the raw materials used in electric cars and wind turbines.