Breaking News Bar
updated: 11/27/2012 7:43 AM

ConAgra buying Ralcorp for about $4.95 billion

hello
Success - Article sent! close
  • ConAgra Foods is buying private-label food producer Ralcorp for about $4.95 billion, which will make it the biggest private-label packaged food business in North America.

      ConAgra Foods is buying private-label food producer Ralcorp for about $4.95 billion, which will make it the biggest private-label packaged food business in North America.

 
Associated Press

OMAHA, Neb. -- ConAgra Foods, with local operations in Naperville and Glen Ellyn, is buying private-label food producer Ralcorp for about $4.95 billion, which will make it the biggest private-label packaged food business in North America.

ConAgra says the acquisition will strengthen its overall position in the North American packaged food business. ConAgra brands include Chef Boyardee, Egg Beaters, Peter Pan and Reddi-wip.

ConAgra Foods Inc. said Tuesday that it will pay Ralcorp Holdings Inc. stockholders $90 per share, a 28 percent premium to its Monday closing price. Ralcorp's stock jumped 26.5 percent in premarket trading.

The combined company will have total sales of about $18 billion annually.

The companies value the transaction at about $6.8 billion when debt is included.

The deal is expected to close by March 31, 2013 and needs Ralcorp shareholder approval.

Share

Interested in reusing this article?

Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.

The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.

Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Name * Company Telephone * E-mail *

Message (optional)

Success - Reprint request sent Click to close
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here