Tags: conagra | ralcorp | merger | takeover

Conagra to Weigh Options after Ralcorp Rejection

Sunday, 14 Aug 2011 03:12 PM

Conagra Foods Inc. said Sunday it will consider its options after its sweetened takeover offer to buy private-label food company Ralcorp Holdings Inc. was rejected on Friday.

Conagra had raised its offer to $94 a share from its previous unsolicited bid of $86 a share. Its original offer for Ralcorp was $82 a share. Ralcorp has rejected all Conagra's offers.

Last month, Ralcorp decided to separate its Post-brand cereals unit from its predominantly private-label business to create two companies.

Conagra said it would continue to consider its options with respect to this potential transaction and has no further comment at this time.

© 2017 Thomson/Reuters. All rights reserved.

1Like our page
2Share
Companies
Conagra Foods Inc. said Sunday it will consider its options after its sweetened takeover offer to buy private-label food company Ralcorp Holdings Inc. was rejected on Friday. Conagra had raised its offer to $94 a share from its previous unsolicited bid of $86 a share. Its...
conagra,ralcorp,merger,takeover
102
2011-12-14
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved