PotatoPro Homepage
  • English
  • Español
  • 简体中文
  • Nederlands

Ralcorp rejects third ConAgra proposal

Ralcorp rejects third ConAgra proposal
August 15, 2011
ConAgra has hinted it could step up its pursuit of Ralcorp after the US food group suffered a third rejection by its quarry of its proposal – improved to $5.2bn – to buy the company.

Ralcorp said on Friday it had a rejected the latest $94 a share cash offer from ConAgra, having determined that the proposed separation of its Post cereals unit from its core private-label business would unlock “additional significant value for our shareholders”.

ConAgra countered on Sunday that it was ”extremely disappointed” at Ralcorp’s rapid dismissal of its proposal, which it said offered investors greater certainty than the planned separation.

Related News releases:

Conagra Foods News release: ConAgra Foods Emphasizes Strong Value of $94 Per Share All-Cash Proposal to Acquire Ralcorp Holdings, Inc.

RalCorp Press release: Ralcorp Board of Directors Unanimously Rejects Revised, Unsolicited Proposal From ConAgra
Companies in this Article
ConAgra Foods is a "leading branded, value-added" food company, organized into three businesses—Consumer Foods, International Foods and Commercial Products, which includes our Food and Ingredients and Trading and Merchandising Segments.