Market Overview

ConAgra Foods to Acquire Ralcorp for $90/Share in Cash

Share:
Related CAG
Top 4 Stocks In The Processed & Packaged Goods Industry With The Highest Revenue
Madison Square Garden, Manitowoc Lead Friday's After-Hours Movers
Post Holdings: Aggressive Does Not Mean Wrong (Seeking Alpha)

ConAgra Foods (NYSE: CAG) and Ralcorp Holdings, Inc. (NYSE: RAH)
today announced that the boards of directors of both companies have
unanimously approved a definitive agreement under which ConAgra Foods
will acquire Ralcorp, the largest manufacturer of private label food in
the U.S. Under the terms of the agreement, Ralcorp shareholders will
receive $90.00 per share in cash for each outstanding share of common
stock held, representing a 28.2% premium to the closing price of
Ralcorp's common stock on November 26, 2012, and a 24.9% premium to the
average closing price of Ralcorp's common stock for the 30 trading days
ending November 26, 2012. The transaction is valued at approximately
$6.8 billion, including the assumption of debt.

See full press release

Posted-In: News Guidance Contracts Asset Sales Management M&A Global

 

Related Articles (CAG + RAH)

Around the Web, We're Loving...